Husker's Tuxedo's, needs to raise $259 million to finance its plan for expansion. Huskers learns that the bankers recommend an offer price (or gross price) of $40 per share and they will charge an under writer's spread of $2.20 per share.

Calculate the net proceeds per share to Husker's 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 $259 million needed? Round your final answer to the nearest whole number.