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Jasmine Flowers must raise $ 2 9 0 million for its future expansion. To do so , Jasmine expects to issue new common stock. Investment
Jasmine Flowers must raise $ million for its future expansion. To do so Jasmine expects to issue new common stock. Investment bankers have informed the company the flotation costs will be percent of the total amount issued plus $ in additional costs associated with the issue. Jasmine can issue its stock for $ per share. Determine how many shares Jasmine must sell to net $ million after flotation costs. Round your answer to the nearest whole number.
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