Question: ABC Inc. has a the capital structure shown below. Liabilities $107,362,000 Stockholders' Equity $96,156,000 ABC Inc. will raise additional capital for new projects this year,

ABC Inc. has a the capital structure shown below.

Liabilities	$107,362,000
Stockholders' Equity	$96,156,000

ABC Inc. will raise additional capital for new projects this year, in the amount of $44,276,000. The firm believes, however, that a capital structure with 56.71% debt is ideal.

The firm will be able to issue new discount bonds at a price of $962 with a yield-to-maturity of 7.00%.

Assuming they want to change their capital structure to the new target, how many new bonds will the firm need to issue?

Do not round any intermediate calculations. Please round your answer to the nearest bond.

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