U3, Inc. needs to raise

$192,000,000

and when it issues new common stock the flotation costs will be

4%

. If the company's stock is selling for

$40.00

, how many shares of stock must be issued so that the company receives

$192

million, after flotation costs?

5,000,000

shares

U3, Inc. needs to raise $192,000,000 and when it issues new common stock the flotation costs will be 4%. If the company's stock is selling for $40.00, how many shares of stock must be issued so that the company receives $192 million, after flotation costs? 5,000,000 shares