BestBats Incorporated is a manufacturer and supplier of baseball bats. Its board of directors decides that it would be a good idea to take advantage of the close corporation statutes. It can do this by making an election to be treated as a close corporation, provided BestBats Incorporated has _____________ shareholders.

A) Fewer than 100

B) 50 to 75

C) 75 to 100

D) Fewer than 50