Problem 18-03 Calculating Costs of Issuing Stock (LG18-4) Husker's Tuxedo's, Inc. needs to raise $251 million to finance its plan for nationwide expansion. In discussions with its investment bank, Husker's learns that the bankers recommend an offer price (or gross price) of $40 per share and they will charge an underwriter's spread of $1.80 per share. Calculate the net proceeds per share to Husker's from the sale of stock. (Round your answer to 2 decimal places.) Net proceeds per share How many shares of stock will Husker's need to sell in order to receive the $251 million needed? (Round your final answer to the nearest whole number.) Number of shares sold shares