In order to build better playgrounds at its 57 daycare centers, Funtime Childcare decides to raise $56.5 million. The company will sell shares at a price of $23.60 in a general cash offer and the company's underwriters will charge a spread of 7 percent. The direct flotation costs associated with the issue are $700,000 and the indirect costs are $435,000. How many shares need to be sold?