(Use cells A6 to B8 from the given information to complete this question.)

The Meadows Corporation needs to raise $75 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. If the offer price is $23 per share and {the company's underwriters charge a spread of 7 percent, how many shares 'need to be sold? 6 7 8 9 10 12 13 14 15 16 17 Input Area: Funds needed Offer price $23 Spread 7% (Use cells A6 to B8 from the given information to complete this question.) Output Area: proceeds from sale Number of shares sold