Captain Jack's Shipyard, Inc., needs to raise $25 million to finance expansion. The company's investment bank recommends an offer price (or gross proceeds) of $37 a share, with Captain Jack's Shipyard, Inc., receiving $35.15 per share. How many shares of stock will the company have to sell to receive the $25 million it needs?

a. 711,237.55 shares

b. 934,145.88 shares

c. 645,321.41 shares

d. 824,355.61 shares