Question: value 35.00 points P15-5 Calculating Flotation Costs [LO3] The Educated Horses Corporation needs to ralse $50 million to finance its expansion into new markets. The

value 35.00 points P15-5 Calculating Flotation Costs [LO3] The Educated Horses Corporation needs to ralse $50 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price s $40 per share and the company's underwriters charge a 8 percent spread, how many shares need to be sold? O 1157,407 O 1.304,348 O 1358.696 O 1413,043 O 1250,000 References eBook & Resources Difficulty Baslc Section: 1507 The Costs Multiple Choice 04 F3 FS 8

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