$20.$

Gravity Company needs to raise $$51\mathrm{.}5$ million to fund its expansion plans. The company will sell shares at a price of $$28\mathrm{.}70$ in a general cash offer and the company's underwriters will charge a spread of $6$ percent. How many shares need to be sold?

A$.1,692,854$ shares

B$.1,908,963$ shares

C$.2,121,070$ shares

D$.1,451,018$ shares

E$.1,794,425$ shares