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Boat Emporium (Be) must raise s216 milion. To do so, BE expects to issue new common atock. Me's investment banker will charge issuing costs equal

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Boat Emporium (Be) must raise s216 milion. To do so, BE expects to issue new common atock. Me's investment banker will charge issuing costs equal to 10 percent of the total amount issued. If the stock can be issued for $160 per share, how many shares must BE sell to net $216 million after flotation costs. Aound yeut answer to the hearest whole number shares Show how much of the issue will consist of flotation costs and how much BE will recelve after flotation costs are paid. Enter your answers in dollars. For example, an answer of $2. miliion should be entered as 2,000,000, not 2 . Round your answers to the nearest dollar. Floation costs: $ Net proceeds: $

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