TB MC Qu. 15-66 Outdoor Goods needs... Outdoor Goods needs $3.8 million to modernize its production equipment. The underwriters set the stock price at $29.50 a share with an underwriting spread of 7.35 percent. This would be a firm commitment underwriting. The estimated issue costs are $272,000. How many shares of stock must be sold to finance this project? Multiple Choice 148,984 188,917 152,311 186 299 162 400