urgent

Shans Inc. would like to finance an experimental cost-saving procedure by issuing new common stock. The corporation's existing common stock currently sells for $32.18. Management believes that they can issue new

common stock at this price, incurring flotation costs of 6.29% of the current market price. What is the stock's net market price (net proceeds)? Submit your answer as a dollar amount and round your answer to two

decimal places (Ex. $0.00)