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Jasmine flowers must raise $298 million for it's future expansion. To do so, Jasmine expects to issue new stock. Investment bankers have informed the company
Jasmine flowers must raise $298 million for it's future expansion. To do so, Jasmine expects to issue new stock. Investment bankers have informed the company the location costs will be 7.5 percent of the total amount issued plus $775,000 in additional costs associated with the issue. Jasmine can issue it's stock for $50 per share. Determine how many shares Jasmine must sell to net $298 million after flotation costs. Round answer to the nearest whole number
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