A business is reviewing its equity. Calculate the book value of outstanding shares after the following actions. The business issues additional shares Number of new shares issued 2,500.0 Issue price per new share Par value per new share 7.0 1.0 The business repurchases shares Shares repurchased Repurchase price per share 350.0 8.0 Hist. book value Common stock 40,000.0 240,000.0 Additional paid in capital (APIC) Treasury stock Outstanding shares (10,000.0) 270,000.0 Select one: 287,500.0 284,700.0 O 290,300.0 287,200.0