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Business, 14.12.2019 01:31 havenlynn27

Acme confetti corporation needs to finance $20 million for a plant expansion building project. they've decided to issue common stocks to finance the entire project. how many shares do they need to issue to cover the cost of the project plus all floatation costs (7% of issue price). assumption: issue price is $50 per share. assets can cover the value of the share price and floatation costs.

a. 379, 940
b. 465,000
c. 430, 108
d. 383, 652

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