(Flotation costs) The Pandora Internet Radio Company was started in 2000 to provide a personalized radio listening experience over your computer or iPhone and is privasely owned. However, its success could easly lead its owners to take the company public with the sale of common stock to the public. When companios solf common stock for the first time the fotaton cost can be very high If Pandora neods $75 milice to finance an acquistion and solts shares to the public, how much stock world they have to selt if flotason costs are expected to be 15 percent? The fotation cont adjusted infial ovtay is (Round to the nearest dolar.)