Question: QUESTION 16 4.38 points Save Answer Bavarian Brewhouse is planning an IPO. The underwriter will charge a spread of 10.4% and other direct expenses will

QUESTION 16 4.38 points Save Answer Bavarian Brewhouse is planning an

QUESTION 16 4.38 points Save Answer Bavarian Brewhouse is planning an IPO. The underwriter will charge a spread of 10.4% and other direct expenses will total $1,350,000. The offering price of the stock is set at $12.50 per share and the shares are expected to trade at $16 per share at the close of trading on the offer date. How many shares need to be offered in order for the company to net $75 million from the issue? Round your answer to the nearest whole number. O 6,696,429 O 5,769,345 0 6,000,000 O 6,374,527 O 6,816,964

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