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A company wants to raise $15 million to fund a project.The company estimates the issue costs including the legal and accounting fees will be $555,950.

A company wants to raise $15 million to fund a project.The company estimates the issue costs including the legal and accounting fees will be $555,950. The underwriters have set the stock price at $24.90 per share and the underwriting spread at 8.74%.How many common shares does the company have to sell to meet its cash need?

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