Northwest Rail Wants to Raise $14

Northwest Rail wants to raise $14.2 million through a rights offering so it can purchase additional rail cars and upgrade its maintenance facilities.How many shares of stock will the firm need to sell through this offering if the current market price is $34 a share and the subscription price is $31 a share?

A) 417,647 shares
B) 437,856 shares
C) 445,065 shares
D) 453,604 shares
E) 458,065 shares