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ABC Corporation needs to raise $ 6 4 million to fund a new project. The company will sell shares for $ 2 5 . 1

ABC Corporation needs to raise $64 million to fund a new project. The company will sell shares for $25.10 in a general cash offer and the company's underwriters will charge a spread of 6.5 percent. The direct flotation costs associated with the issue are $1,075,000 and the indirect costs are $585,000. How many shares need to be sold?
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