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Disturbed Corporation needs to raise $53.5 million to fund a new project. The company will sell shares at a price of $23.00 in a general

Disturbed Corporation needs to raise $53.5 million to fund a new project. The company will sell shares at a price of $23.00 in a general cash offer and the company's underwriters will charge a spread of 6 percent. The direct flotation costs associated with the issue are $550,000 and the indirect costs are $375,000. How many shares need to be sold

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