You are invited to a dinner meeting by the Officer of your company. She advises you that the company is currently contemplating a $100 million expansion which will be financed either from the issue of additional common stocks or 10-year 8% semiannual $1,000 par fixed rate bonds. She would like you to advise her on the pros and cons of issuing common stocks instead of bonds and vice versa, and the pros and cons to investors for investing in stocks instead of bonds and vice versa. If your company wishes to finance the expansion using only common stocks, it will distribute dividends in the first year of $2.50, $2.75 in the second year, $2.90 in the third year, after which dividends will increase at a constant rate of 5% indefinitely. How many common shares should the company issue today to finance the expansion if the market has an 8% required rate of return? (round your answer to the whole share)