The Sullivan Co. needs to raise $78 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 $31 per share and the company's underwriters charge a spread of 7 percent. How many shares need to be sold? (Do not found intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 1,234,567.) Number of shares offered