Cambie Food is a public traded company with a total of 55,000 shares outstanding and no debt. The share price of Cambie Food is currently at $17.50. Its EBIT is $115,000. Cambie is considering issuing debt worth $350,000 with an interest rate of 8%, which would be used to purchase outstanding shares. Currently, as an investor of Cambie Foods, Alex owns 800 shares of Cambie Food. How many shares of Cambie food Alex needs to sell in order to offset the leverage that Cambie Food is assuming? (You can lend out all the money you received from the stock sale at 8% interest rate). A. 236 shares B. 208 shares C. 291 shares D. 275 shares E. 177 shares