A company wants to raise $20 million in equity at an expected offering price of $30 per share. Its investment banker will receive $2.50 for each share sold and incur expenses of $2.5 million. The company will incur expenses of $1 million. How many shares must be sold for the company to receive $20 million. Round to the nearest whole number.

A. .666,667

B. 727,273

C. 763,636

D. 854,545

E. None of the above