Sampson Corporation, Through Its Investment Banker, First Ohio Securities, Recently

Sampson Corporation, through its investment banker, First Ohio Securities, recently sold 200,000 shares of common stock to the public, grossing $7.4 million. Issuing expenses paid by Sampson totaled $200,000, and the underwriter's spread was $3 per share. How much net financing did Sampson Corporation raise in the deal?

A) $6.6 million
B) $7.2 million
C) $6.4 million
D) $7.0 million
E) $6.8 million