Question: please show steps 3 Caspian Sea Drinks needs to raise $55.00 million by issuing additional shares of stock. If the market estimates CSD will pay

please show steps

3 Caspian Sea Drinks needs to raise $55.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.84 next year, which will grow at 3.07% forever and the cost of equity to be 10.27%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: O decimal places

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