The Whistling Straits Corporation needs to raise $50 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. The offer price is $30 per share and the company's underwriters charge an 9 percent spread. If the SEC filing fee and associated administrative expenses of the offering are $2,000,000, how many shares need to be sold? Multiple Choice 1,831,502 1,980,952 1,590,214 1,733,333 1,904,762