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eBook Boat Emporium ( BE ) must raise $ 4 5 0 million. To do so , BE expects to issue new common stock. BE's

eBook
Boat Emporium (BE) must raise $450 million. To do so, BE expects to issue new common stock. BE's investment banker will charge issuing costs equal to 10 percent of
the total amount issued. If the stock can be issued for $200 per share, how many shares must BE sell to net $450 million after flotation costs. Round yout answer to the
nearest whole number.
shares
Show how much of the issue will consist of flotation costs and how much BE will receive after flotation costs are paid. Enter your answers in dollars. For example, an
answer of $2 million should be entered as 2,000,000, not 2. Round your answers to the nearest dollar.
Floation costs: $
Net proceeds: $
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