Tian Co. needs $2.8 million to fund a new project. The company estimates it can sell new shares of stock for $52 a share. It also estimates it will cost an additional $225,000 for filing and legal fees related to the stock issue. The underwriters have agreed to a spread of 8.4 percent. How many shares of stock must be sold for the company to fund its expansion?

Group of answer choices

56,989

63,507

78,547

67,284

72,076