Red Shoe Co 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 res ult of the rights offering, the share price ex-rights price, also known as the when-issued price). The compary is seeking $29 millio funds with a per-share subscription price equal to $A0o will fall from $69 to $64.70 ($69 is the rights-on price; $64.70 is the in additionsal 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) (Do not round intermediate calculations and round your fnal answer to nearest whole number,eg-32 Number of old shares Hints ReferenceseBook &Resources Hint#1 Check my work