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John would like to raise $85 million to develop a prototype satellite. John would issue shares at $25 but subject to underwriters fees of 7%.
John would like to raise $85 million to develop a prototype satellite. John would issue shares at $25 but subject to underwriters fees of 7%. On top of that, there is an associated administrative fee of $1.2 million. So, basically how many shares he needs to issue to raise a net $85 million of financing?
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