! Required information [The following information applies to the questions displayed below.) A corporate charter specifies that the company may sell up to 24 million shares of stock. The company sells 16 million shares to investors and later buys back 5.0 million shares. The current number of outstanding shares after these transactions have been accounted for is: Multiple Choice 24.0 million shares. 8.0 million shares 11.0 million shares. 12.0 million shares