Question: QUESTION 24 Torch My Taco want to raise $100,000,000 in an equity offering to purchase Taco Smell. Torch Me will be charged a 8.40%

QUESTION 24 Torch My Taco want to raise $100,000,000 in an equity

QUESTION 24 Torch My Taco want to raise $100,000,000 in an equity offering to purchase Taco Smell. Torch Me will be charged a 8.40% Flotation Cost by the investment bankers and the current stock price is $37.00 per share. How many shares must Torch My Taco sell in order to meet the target capital raise? Round to the nearest 100 shares. 2950500

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