Business, 07.02.2022 20:10 madisontrosclair2

Pleasee helpp Jasmine Flowers must raise $456 million for its future expansion. To do so, Jasmine expects to issue new common stock. Investment bankers have informed the company the flotation costs will be 11.5 percent of the total amount issued plus $660,000 in additional costs associated with the issue. Jasmine can issue its stock for $75 per share. Determine how many shares Jasmine must sell to net $456 million after flotation costs. Round your answer to the nearest whole number.

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Pleasee helpp Jasmine Flowers must raise $456 million for its future expansion. To do so, Jasmine...

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