Answer:
It needs to sold 1,824,732 shares
Explanation:
we need 84,000,000 and also need to raise to cover the 850,000 expense
so total needs 84,850,000
then we will pay a 7% commision
so we need to have a gross raise of
84,850,000 / (1-0.07) =91,236,559.14
Now, we diivde this by 50 which is the offered price of the shares:
91,236,559.14 / 50 = 1.824.731,182 = 1,824,732
we round to a whole numebr as we cannot issue half shares.
