Roxy International Needs $200 Million in New Equity Capital; Currently

Roxy International needs $200 Million in new equity capital; currently shares are trading at $50 per share.Morgan Steely (the investment banker) requires a 6% spread of the offer price which will be $45 per share and is fully subsribed at that price.The fixes costs (legal,accounting,etc.) are estimated at $750,000.How many shares must be sold for the $200 Million?

A) 4,255,319
B) 4,728,132
C) 4,761,905
D) 4,444,444