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	7.0
Par value per new share	1.0
The business repurchases shares
Shares repurchased	350.0
Repurchase price per share	8.0
	Hist. book value
Common stock	40,000.0
Additional paid in capital (APIC)	240,000.0
Treasury stock	(10,000.0)
Outstanding shares	270,000.0

Select one:

287,500.0

290,300.0

284,700.0

287,200.0