Question 39 (2.5 points) Happy Corporation needs to raise $100 million to finance its expansion into new markets. The company will sell new shares of equity to raise the needed funds. If the offer price is $40 per share, the SEC filing fee and associated administrative expenses of the offering are $3,100,000, and the company's underwriters charge a 6 percent spread, how many shares need to be sold? 2,666,123 2,742,022 2,818,367 2,422,851 2,577,128