Question: please answer the following question Gravity, Inc., needs to raise $54.5 million to fund its expansion plans. The company will sell shares at a price

please answer the following question

please answer the following question Gravity, Inc., needs to raise $54.5 million

Gravity, Inc., needs to raise $54.5 million to fund its expansion plans. The company will sell shares at a price of $29.30 in a general cash offer and the company's underwriters will charge a spread of 7 percent. How many shares need to be sold? Multiple Choice 1,490,041 shares 1,860,068 shares 2,222,304 shares Ann-L

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