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Atlantia Inc. would like to issue new equity to fund a project that requires $900,000 of investment. It has worked with an investment bank to
Atlantia Inc. would like to issue new equity to fund a project that requires $900,000 of investment. It has worked with an investment bank to set the offer price at $41 per share and set the investment bank's fee at 6% of the total proceeds. In addition to the investment bank's fee, Atlantia will also pay $30,000 for other issuing expenses. How many shares does Atlantia need to issue to raise $900,000 in net proceeds?
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