URGENT

Attrex needs to raise 96m$ for international expansion. The decision was made to fund the project via new share issue. The share price is 28$. The underwriter agreed to take 7% commission on the issue and other indirect costs not included in the spread amount to $2,280,000.-

1. Compute the net $ amount Attrex will receive per share sold.

2. How many additional shares will Attrex have to issue to cover for indirect expenses?

3. Compute the total amount of shares that need to be sold at $28.-