Gravity, Inc., needs to raise $49.5 million to fund its expansion plans. The company will sell shares at a price of $28.30 in a general cash offer and the company's underwriters will charge a spread of 6 percent. How many shares need to be sold?

1,860,762 shares

1,749,117 shares

2,067,514 shares

1,414,380 shares

1,650,110 shares