Glasses, Etc

Glasses, Etc. is offering 100,000 shares of common stock to the public in an initial public offering (IPO) . The underwriters agree to pay $18 a share and to provide their services in a best efforts
Underwriting. The offer price is set at $19.50. The underwriters sell a total of 91,700 shares to the
General public. How much cash did Glasses, Etc. receive from its IPO?

A) $1,650,600
B) $1,720,500
C) $1,788,150
D) $1,800,000
E) $1,950,000