$3.$Mere Matix Ltd$.$ requires $$1\mathrm{.}275$ million to expand its dining room and catering, services. The firm's underwriters require a $6$ percent spread and have set the stock price at $$30$ a share. The estimated issue costs are $$154,000.$ How many shares of stock will Meme Matix Ltd$.$ need to sell if it has a firm commitment underwriting?

a$)47,634$ shares b$)50,492$ shares

c$)51,687$ sharesd$)52,350$ sharese$)50,674$ shares