Powerlock Inc needs to raise $30 million to finance its expansion into Canada. The company will sell new shares of equity general cash offering to raise the needed funds. Suppose the offer price is $78 per share and the company's underwriters charge a 75 percent spread. The SEC filing fee, legal and accounting expenses of the offering are $2,340,000 How many shares need to be sold so that Powerlock has the full $30 million after the offering? Select one a 415,615 b. 414.615 c. 470,644 d 493,056 e 448.233