#$6.$

Red Shoe Company has concluded that additional equity financing will be needed to expand operations and that the needed funds will be best obtained through a rights offering. It has correctly determined that as a result of the rights offering, the share price will fall from $$60$ to $$48($$$60$ is the rights$-$on price; $$48$ is the ex$-$rights price, also known as the when$-$issued price$).$ The company is seeking $$19$ million in additional funds with a per$-$share subscription price equal to $$30.$ How many shares are there currently, before the offering? $($Assume that the increment to the market value of the equity equals the gross proceeds from the offering.$)$

A$.950,000$

B$.912,000$

C$.573,167$

$7.988,000$

$8.997,500$

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#$8.$

The Whistling Straits Corporation needs to raise $$30$ million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $$35$ per share and the company's underwriters charge an $10$ percent spread. If the SEC filing fee and associated administrative expenses of the offering are $$1,050,000,$ how many shares need to be sold?

A$.985,714$

B$.806,494$

C$.1,025,143$

D$.887,143$

E$.952,381$