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. United Unisured Underwriters needs $ 1 9 2 million to stay in business. If new common stock is issued. United Uninsured Underwriters must pay

. United Unisured Underwriters needs $192 million to stay in business. If new common stock is issued. United Uninsured Underwriters must pay its investment banker a few equal to 8 percent of the total amount issued. The new issue will also require United Uninsured Underwriters to pay $280,000 in fees to its lawyers, printing costs, and other costs associated with the issue. United Uninsured Underwriters can issue stock at $25 per share. How many shares of common stock must United Uninsured Underwriters issue so that it has $192 million after flotation costs? Show how much of the total dollar amount of the issue will flotation costs and how much United Uninsured Underwriters will receive after the flotation costs are paid?

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