the berankek company whose stock price is now $25 need to raise $20 million in common stock underwriters have informed the firms management that they must price the new issue to the public at $22 per share because of signaling effect. the underwriters compensation will be 5% of the issue price so Beranek will et $20.90 per share. the firm will also incur expenses in the amount of $150,000.

how many shares must the firm sell to net $20 million after underwriting and flotation expenses