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Corp is planning to issue a stock to finance a new operations facility, the projected cost of the facility is $278 million, additional flotation costs

Corp is planning to issue a stock to finance a new operations facility, the projected cost of the facility is $278 million, additional flotation costs are $1 million and the underwriter's fee is 7% What will be the size of the stock offering? How many shares of stock can they issue if the stock sells for $80 per share?

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Fundamentals of corporate finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

10th edition

978-0078034633

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