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Persian Rugs needs $441 million to support growth next year. If it issues new common stock to raise the funds, the flotation (issuance) costs will

Persian Rugs needs $441 million to support growth next year. If it issues new common stock to raise the funds, the flotation (issuance) costs will be 2 percent. If Persian can issue stock at $150 per share, how many shares of common stock must be issued so it has $441 million after flotation costs to use for its planned growth? Round your answer to the nearest whole number.

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