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Blue Corporation stock currently sells for $60 per share. There are 8 million shares currently outstanding. The company announces plans to raise $9 million by

Blue Corporation stock currently sells for $60 per share. There are 8 million shares currently outstanding. The company announces plans to raise $9 million by offering shares to the public at a price of $60 per share.

If the underwriting spread is 5 %, how many shares will the company need to issue in order to be left with net proceeds of$9 million?

Enter your answer as a whole number not in millions.( For example, 1,000,000 not 1 million.)

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