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Gamers Inc. is a public listed company in the videogame industry. The company needs $20 million to expand its facilities and is considering to raise

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Gamers Inc. is a public listed company in the videogame industry. The company needs $20 million to expand its facilities and is considering to raise this amount by way of selling shares. The beta of the company's stock is estimated at 1.2 and investors will receive a dividend per share of $0.50 next year, which expected to grow at a rate of 1% p.a. afterwards. If the risk-free rate is 1% p.a. and the expected market return is 10% p.a., how many shares would Gamers Inc. need to sell in order to raise the amount required? Your response must be entered as a numerical value with 0 decimal places

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