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Assuming Nike's stock price is $ 6 8 per share, shares outstanding are $ 1 , 6 0 0 million, and the company plans to

Assuming Nike's stock price is $68 per share, shares outstanding are $1,600 million, and the company plans to raise $1,000 million in capital with a projected EBIT of $10 billion, how many new shares must Nike sell?
A.
$14.7 million($1,000/$68)
B.
$74.1 million
C.
$24.7 million
D.
$87.6 million

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