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 Rochester Industries on a best-efforts basis. The investment banker is able to sell 8 million shares for $10.50 per share, and it charges Rochester Industries $0.225 per share sold. If the investment bank sells 8 million shares for $9.75 per share, how much money does Rochester Industries receive?

A) $76,200,000.
B) $84,000,000.
C) $105,000,000.
D) $82,200,000.
E) $78,000,000.