A company is considering a project that would cost $2,500,000, which would be financed with the issue of new shares. The project is expected to increase net income by $450,000. Currently, the company has 4,000,000 shares outstanding that sell on the market for $50 each while the book value per share is $40. Assume the companys current PE ratio of 12 would remain constant. If the company proceeds with the project, what is expected to be its new number of shares outstanding?