outdoor goods needs $3.8 million to modernize its production equipment. the underwriters set the stock price at $29.50 a share with an underwriting spread of 7.35 percent. this would be a firm commitment underwriting. the estimated issue costs are $272,000. how many shares of stock must be sold to finance this project? group of answer choices 148,984 188,917 152,311 186,299 162,400
