Lear Holdings Plans to Sell 60,000 Units, Each Unit Consisting

Lear Holdings plans to sell 60,000 units, each unit consisting of a $1,000 debenture and 15, 7-year warrants. Each warrant allows the holder to purchase one common-share at $30. If the stock price goes to $38 and all warrants were exercised, what is the total capital raised by Lear?

A) $94.2 million
B) $90.6 million
C) $87 million
D) $77 million