The Scandrick Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to ralse the needed funds. If the offer price is $30 per share and the company's underwriters charge a spread of 8 percent, how many shares need to be sold? (Do not round Intermedliate calculations and enter your answers in shares, not millions of shares, rounded to the nearest whole number, e.g., 1,234,567.) Number of shares offered