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Blue Coral Breweries ( BCB ) is planning an IPO. Its underwriters have said the stock will sell at $ 3 0 per share. The

Blue Coral Breweries (BCB) is planning an IPO. Its underwriters have said the stock will sell at $30 per share. The direct costs (legal fees, printing, etc.) will be $950,000. The underwriters will charge a 7.85% spread. How many shares must BCB sell to net $48 million?
NOTE: Enter your answer to the nearest whole number greater than or equal to your answer. If your answer is 2,345.4 shares, enter 2,346

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