Question: 4 points Save Answer Outdoor Living needs $ 7.5 million to finance modifications to its production equipment because the design of its all - season

4 points Save Answer Outdoor Living needs $ 7.5 million to finance modifications to its production equipment because the design of its all - season tents has changed dramatically . The underwriters estimate that the firm could sell additional shares of stock at $ 14.50 a share with a 7.5 percent underwriting spread . This would be a firm commitment underwriting . The estimated issue costs are $ 121,000 . How many shares of stock will Outdoor Living need to sell to finance this project ? For the toolbar , press ALT + F10 ( PC ) or ALT + FN + F10 ( Mac )

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