Louis International Needs $100 Million in New Equity Capital; Currently

Louis International needs $100 Million in new equity capital; currently shares are trading at $40 per share.Morgan Steely (the investment banker) requires a 6% spread of the offer price which will be $38 per share and is fully subsribed at that price.The fixes costs (legal,accounting,etc.) are estimated at $250,000.How many shares must be sold for the $100 Million?

A) 2,659,574
B) 2,799,552
C) 2,808,989
D) 2,631,579