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The Meadows Corporation needs to raise $ 6 4 million to finance its expansion into new markets. The company will sell new shares of equity

The Meadows Corporation needs to raise $64 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $40 per share and the companys underwriters charge a spread of 5 percent, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in shares, not millions, rounded to the nearest whole number, e.g.,1,234,567.)

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