Question: MC algo 15-3 Calculating Flotation Costs Gravity, Inc., needs to raise $47.5 million to fund its expansion plans. The company will sell shares at a

MC algo 15-3 Calculating Flotation Costs Gravity, Inc., needs to raise $47.5 million to fund its expansion plans. The company will sell shares at a price of $27.90 In a general cash offer and the company's underwriters will charge a spread of 6 percent. How many shares need to be sold

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