A Company Needs $1,500,000 for Expansion

Multiple Choice

A company needs $1,500,000 for expansion.They decide to raise the capital by issuing new shares.How many shares does the company need to sell to raise the amount,if the last share issue was at a price of $1 each and the current market price for the company's shares is $1.50 per share?

A) 500,000 shares
B) 100,000 shares.
C) 1 million shares.
D) 1.5 million shares.