ABC Airways is introducing a new fleet of planes and needs to raise $40.413 million (net of underwriting cost) to fund an expansion. If the offer price is $6 and the underwriters require a 5 per cent spread on the transaction, how many shares does the company need to issue (in millions to three decimal places)? (Hint: required amount/(1-spread) = issue amount) a. 7.090 b. 44.779 c. 5.714 d. 5.700