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Zwang, Incorporated, needs to raise $33.3 million, including all accounting and legal fees, to finance its expansion so has decided to sell new shares of

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Zwang, Incorporated, needs to raise $33.3 million, including all accounting and legal fees, to finance its expansion so has decided to sell new shares of equity via a general cash offering. The offer price is $17.75 per share and the underwriting spread is 6.95 percent. How many shares need to be sold? Multiple Choice 1,745,670 1,876,056 438,294 2,699,362 2,016,181

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