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The balance sheet for Crutcher Corporation reported 2 0 0 , 0 0 0 shares outstanding, 3 0 0 , 0 0 0 shares authorized,

The balance sheet for Crutcher Corporation reported 200,000 shares outstanding, 300,000 shares authorized, and 20,000 shares in treasury stock. Compute the maximum number of new shares that Crutcher could issue.

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