The Educated Horses Corporation needs to ralse $35 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $30 per share and the company's underwriters charge a 10 percent spread, how many shares need to be sold? O 1,166,667 O 1,244,444 O 1,060,606 1,296,296 O 1,348,148