in 3-11 Express Courier (EC) needs $141 million to support future growth. If it issues common stock to raise the needed funds, EC must pay its investment banker 6 percent of the issue's total value. If EC can issue common stock at a market price of $80 per share, how many shares must be issued so the company has $141 million after flotation costs to fund the planned growth? (LO 3-3) 212 lowal Ronal Care DGY 7

-11 Express Courier (EC) needs $141 million to support future growth. If it issues common stock to raise the needed funds, EC must pay its investment banker 6 percent of the issue's total value. If EC can issue common stock at a market price of $80 per share, how many shares must be issued so the company has $141 million after flotation costs to fund the planned growth? (LO 3-3)