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The Meadows Corporation needs to raise $ 6 6 . 9 million to finance its expansion into new markets. The company will sell new shares

The Meadows Corporation needs to raise $66.9 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. The offer price is $69 per share and the company's underwriters charge a spread of 9.5 percent. The SEC filing fee and associated administrative expenses of the offering are $469,000. How many shares need to be sold?
Note: Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearest whole number, e.g.,1,234,567.
Answer is complete but not entirely correct.
\table[[Number of shares offered,870,761
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