The Meadows Corporation needs to raise $75 million to finance its expansion new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $23 per share and the company's underwriters charge a spread of 7 percent, how many shares need be sold? If the SEC filing fee and associated administrative expenses of the off are $1.9 million, how many shares need to be sold? Input Area: Funds needed Offer price Spread Administrative expense 3 Output Area: $75,000,000 $23 7% (Use cells A6 to B9 from the given information to complete this question.) 5 Proceeds from sale 5 Number of shares sold 7 2 $1,900,000 Check Answers Check My Work Close Legend Graded cell: Leave blank if no answer is needed. Scratchpad: Use as a non-graded workspace

The Meadows Corporation needs to raise $75 million to finance its expansion new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $23 per share and the Check Answers Close company's underwriters charge a spread of 7 percent, how many shares need be sold? If the SEC filing fee and associated administrative expenses of the off are $1.9 million, how many shares need to be sold? Input Area: Legend Graded cell: Leave blank if no answer is needed. Scratchpad: Use as a non-graded workspace (Use cells A6 to B9 from the given information to complete this question.)