Wk 3 Homework i Saved Help Save & Exit Submit Check my work Magenta Corporation wants to raise $51.2 million in a seasoned equity offering, net of all fees. Magenta stock currently sells for $10 per share. The underwriters will require a spread of $0.6 per share, and indicate that the issue must be underpriced by 6 percent. In addition to the underwriter's fee, the firm will incur $2,200,000 in legal, accounting, and other costs. How many shares must Magenta sell? (Enter your answer in millions rounded to 3 decimal places.) points Number of shares million eBook References