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Van Bran Inc. is looking into financing a $30 million project with an equity issue....

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Van Bran Inc. is looking into financing a $30 million project with an equity issue. If the firm's underwriter charges a spread (i.e., underwriting fee) of 6% on equity issues, what is the gross amount that must be raised in Van Bran's equity issue? Select one: O a. $31,914,894 0 b. $32,000,000 o c. $33,264,980 d. $33,684,210 o e. $34,042,553

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