A $400 Million, All-Equity-Financed Firm Raises Another $50 Million in Equity

A $400 million, all-equity-financed firm raises another $50 million in equity, paying $10 million in issuing fees. The value of the existing equity drops to $375 million. The total cost of
The issue is

A) $25 million.
B) $60 million.
C) $50 million.
D) $35 million.