The Elkmont Corporation needs to raise $52.1 milion to finance its expansion into new markets. The company will sell new shares of cquity vio a general cash offering to raise the needed funds. The offer price is $37 per share and the company's underwriters charge a spread of 95 percent. How many shares need to be sold? Note: Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearest whole number, e.g, 1,214,567