Text problem 5 Calculating Flotation Costs: The Meadows Corporation needs to raise $75 million to finance its expansion into new markets. The company will sell new shares of equity via a genearl cash offering to raise the needed funds. If the offer price is $23 per share and the company's underwriters charge a spread of 7 percent, how many share need to be sold? Amount $ 75,000,000.00 Offer Price $23 Spread 7% Share need to be sold Formula Bar Text problem 6 Calculating Flotation Costs: In Problem 5, if the SEC filing fee and associated adminsitrative expenses of the offering are $1.9 million, how many shares need to be sold