Huskers Tuxedos, Inc. needs to raise $253 million to finance its plan for nationwide expansion. In discussions with its investment bank, Huskers learns that the bankers recommend an offer price (or gross price) of $30 per share and they will charge an underwriters spread of $1.90 per share.

Calculate the net proceeds per share to Huskers from the sale of stock. (Round your answer to 2 decimal places.)

How many shares of stock will Huskers need to sell in order to receive the $253 million needed? (Round your final answer to the nearest whole number.)