Financial experts have determined that express courier needs$141 million to supp

Financial experts have determined that express courier needs$141 million to support growth next year. After consulting with itsinvestment banker Express Courier has determined that the costs toissue new stock to raise the needed funds will total 6 percent ofthe issue price-that is flotation costs will be 6 percent. IfExpress Courier can issue stock at its current market price whichis $80 PER SHARE how many shares of common stock must the companyissue so that it has $141 million after the flotation costs to usefor its planned growth? Based on your answer show how much of thetotal dollar amount will be issued consists of flotation costs andhow much express courier will receive after the investment bankeris paid the flotation costs.