An Investment Banker Agrees to Underwrite an Issue of 10

An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis. The investment banker pays $10.50 per share to TWResearch, Inc. for the 10 million shares of stock. It then sells those shares to the public for $11.20 per share. If the investment bank can sell the shares for $9.75 per share, how much money does TWResearch receive?

A) $105,000,000.
B) $150,000,000.
C) $112,000,000.
D) $125,000,000.
E) $110,000,000.