Question: eBook Jasmine Flowers must raise $ 4 3 3 million for its future expansion. To do so , Jasmine expects to issue new common stock.

eBook
Jasmine Flowers must raise $433 million for its future expansion. To do so, Jasmine expects to issue new common stock. Investment bankers have informed the
company the flotation costs will be 6.5 percent of the total amount issued plus $933,500 in additional costs associated with the issue. Jasmine can issue its stock for $65
per share. Determine how many shares Jasmine must sell to net $433 million after flotation costs. Round your answer to the nearest whole number:
shares
 eBook Jasmine Flowers must raise $433 million for its future expansion.

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