(Answered) Firm x needs to net 7800000 from the sale of common stock

Finance

Firm X needs to net $7,800,000 from the sale of common stock. Its investment banker has informed the firm that the retail price will be $22 per share, and that the firm will receive $19 per share. Out-of-pocket costs are $100,000. How many shares must be sold?

a) 410,526
b) 359,091
c) 415,790

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