1)Jasmine Flowers must raise $360 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 11.5 percent of the total amount issued plus $106,500 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 $360 million after flotation costs. Round your answer to the nearest whole number.

_________ shares

2) Wilderness World (WW) plans to raise $79 million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to 5 percent of the total issue. The company estimates that other expenses associated with the issue will total $230,000. If the face value of each bond is $1,000, how many bonds must be issued so Wilderness receives $79 million after paying all issuing (flotation) costs? Assume that the firm cannot issue a fraction of a bond. Round your answer to the nearest whole number.

_________ bonds