Northwestern Lumber Products currently has 17,000 shares of stock outstanding. Patricia, the financial manager, is considering issuing $132,000 of debt at an interest rate of 6.5 percent. Given this, how many shares of stock will be outstanding once the debt is issued if the break-even level of EBIT between these two capital structure options is $64,000? Ignore taxes.

A. 13,984.89 shares

B. 13,739.54 shares

C. 14,720.94 shares

D. 15,947.68 shares

E. 12,617.95 shares