Authorized and available shares Aspin Corporation's charter authorices issuance of 2,100,000 shares of common stock Currently, 1,200,000 shares are outstanding, and 200.000 shares are being hoid as treasury stock. The firm wishes to raise $54,000,000 for a plant expansion. Disoussions with its investment bankers indicate that the sale of new common stock will net the fim $45 per share. a What is the maximum number of new shanes of common stock that the fem can sell without reoeiving further authorization? b. Judging on the basis of the data given and your finding in part a, will the fem be able to raise the needed funds without receiving further authorization? e. What must the firm do to oblain authorization to issue more than the number of shares found in part a? . The maximum number of new shares of com mon stock that the firm can sol without receiving father ? shares (Round to the nearest whole number) hotation is b. Judging on the basis of the data given and your finding in part a, will the fiem be able to raise the needed funds without receiving further authorization? (Select the best answer below.) O A. No, the firm will require an additional 900,000 authorized shares to raise the neoessary funds O B. Yes, the frm will be able to raise the needed funds without receiving urther auhorization O C. No, the irm wit reqare an addional 200,000 authorized shares to raise the necessary funds OD. . ?? frm wil roqure an additonal 300 000 author red shares to raise the tecssary fnds e. What must the firm do to oblain authorization to issue more than the number of shares found in part a? (Select the best answer below O A. Aapin must get approval from the board of directors to authorize the issuance of additional shares O B. Aspin must amend its crediors to authorize the issuance of addional shares O C. Aspin can issue any number of addsional shares without receiving further auhozation O D. Aspin must amend its corporate charter to authorize the issuance of additional shares