Determine how many shares Warren must sell to net $250 million after flotation costs in raising new capital?

Warren Inc. has a financial need to expand their business to new markets , thus they must raise $250 million. To do so, Warren Inc. expects to issue new common stock. Investment bankers have informed the company the flotation costs will be 5 percent of the total amount issued plus $500,000 in additional costs associated with the issue. Warren can issue its stock for $80 per share.