The St$.$ Anger Corporation needs to net $$45$ million through a new stock issue in order 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.

Required:

The offer price is $$30$ per share and the company$$s underwriters charge an $7$ percent spread. If the firm operated in a world where there were no other direct costs associted with the offering, how many shares would need to be offered? $($Round your final answer to the nearest whole number, i$.$e$.1,234,567.)$

Number of shares offered