The St. Anger Corporation needs to raise $82 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 $60 per share and the companys underwriters charge a spread of 6 percent, how many shares need to be sold? (Do not round intermediate calculations and round your final answer to the nearest whole number. Enter your answer as a whole number (e.g., 1,234,567).)

Number of shares offered

shares