Question: Outdoor goods Please help me solve this problem. Please help me solve Outdoor Goods needs $3.8 million to modernize its production equipment. The underwriters set

Outdoor goods Please help me solve this problem. Please help me solve

Outdoor Goods needs $3.8 million to modernize its production equipment. The underwriters set the stock price at $29.50 a share with an underwriting spread of 7.35 percent. This would be a firm commitment underwriting. The estimated issue costs are $272,000. How many shares of stock must be sold to finance this project? Multiple Choice 148,984 O 188,917 O 152,311 O 186,299 O 162,400

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