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  3. firm x needs to net $8,800,000 from the sale of co

Firm X needs to net $8,800,000 from the sale of common stock. Its investment banker...

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Accounting

Firm X needs to net $8,800,000 from the sale of common stock. Its investment banker has informed the firm that the retail price will be $27 per share, and that the firm will receive $24.00 per share. Out-of-pocket costs are $400,000. How many shares must be sold? (Round your answer to nearest whole number.)388,333 398,333 378,333 383,333

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