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The Beranek Company, whose stock price is now $ 2 5 , needs to raise $ 1 9 million in common stock. Underwriters have informed
The Beranek Company, whose stock price is now $ needs to raise $ million in common stock. Underwriters have informed the firm's management that they must price the new issue to the public at $ per share because of signaling effects. The underwriters' compensation will be of the issue price, so Beranek will net $ per share. The firm will also incur expenses in the amount of $ How many shares must the firm sell to net $ million after underwriting and flotation expenses? Do not round intermediate calculations. Write out your answer completely. For example, million should be entered as Round your answer to the nearest whole number.
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