company A management desires to increase its plant and equipment during the coming year by $ 12 million .the company plans to finance 35 of the expansion with debt and the remaining 65 percent with equity capital. total of retained earning available is $ 3.4 million. the company plans to issue new common stock for the remaining amount needed for an expansion project. what will be the amount of the new common stock?

A- $4.2 million

B -$7.8 million

C- $3.4 million

d-$4.4 million