ADP,Incneeds to Raise $43 Million to Finance Its Expansion into New

ADP,Inc.needs to raise $43 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 SEC filing fee and associated administrative expenses of the offering are $389,000.If the offer price is $38 per share and the company's underwriters charge a spread of 9 percent,how many shares need to be sold?

A) 1,254,743 shares
B) 1,354,743 shares
C) 1,406,211 shares
D) 1,514,141 shares
E) 1,587,923 shares