Jasmine Flowers (JF) must raise $345 million for its future expansion.  To do so, JM expects to issue new common stock.  Investment bankers have informed the company that the flotation costs will be 6.5% of the total amount issued and that the company will incur another $576,000 in costs associated with the issue.  JF can issue its stock for $55 per share.  How many shares JF must sell to net the  $345 million it needs?

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