A company is planning to sell new shares of equity at an offer price of $100 per share via a general cash offering. The companys book value per share is $92. If the company wants to raise $19,400,000 and its underwriters charge a 3% spread, how many shares does the company need to sell?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50.