Niagara Novelty Stores Stock Trades at $46 Per Share and There

Niagara Novelty Stores stock trades at $46 per share and there are 34 million shares outstanding.The management would like to raise $150 million in an SEO and current investors would like to sell $30 million of their own stock.If the underwriter charges 6% of gross proceeds,how many shares must it sell in the total (primary and secondary) offering?

A) 3.69 million
B) 3.26 million
C) 3.47 million
D) 4.16 million
E) 3.91 million