Underwriting and Flotation Expenses The Beranek Company, whose stock price is now $30, needs to raise $10 million in common stock. Underwriters have informed the firm's management that they must price the new issue to the public at $26 per share because of signaling effects. The underwriters' compensation will be 5% of the issue price, so Beranek will net $24.70 per share. The firm will also incur expenses in the amount of $185,000. How many shares must the firm sell to net $10 million after underwriting and flotation expenses? Do not round intermediate calculations. Round your answer to the nearest whole number. shares