Bavarian Brewhouse is planning an IPO. The underwriter will charge a spread of 10.4% and other direct expenses will total $1,350,000. The offering price of the stock is set at $12.50 per share and the shares are expected to trade at $16 per share at the close of trading on the offer date. How many shares need to be offered in order for the company to net $75 million (after all expenses are paid) from this issue? Round your answer to the nearest whole number.

		5,769,345
		6,374,527
		6,696,429
		6,000,000
		6,816,964