Answer format: Number: Round to: 0 decimal places.

#3 Caspian Sea Drinks needs to raise $56.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.25 next year, which will grow at 3.68% forever and the cost of equity to be 14.86%, then how many shares of stock must CSD sell? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Number: Round to: 0 decimal places