Convex Incorporated Sells 10 Million Shares in an SEO -

Convex Incorporated sells 10 million shares in an SEO - 6 million being primary shares issued by the company and 4 million being secondary shares sold by investors in the company. At the time of the sale, Convex's shares were selling at $8.00. If the underwriter charges 6% of the gross proceeds as a fee, how much money was raised in the sale?

A) $48.00 million
B) $75.20 million
C) $45.12 million
D) $80.00 million