An Investment Banker Agrees to Underwrite an Issue of 5

An investment banker agrees to underwrite an issue of 5 million shares of stock for NetChoice, Inc. on a firm commitment basis. The investment banker pays $31.50 per share to NetChoice, Inc. for the 5 million shares of stock. It then sells those shares to the public for $30.00 per share. If the investment bank can sell the shares for $34 per share, how much money does NetChoice, Inc. receive?

A) $150,000,000.
B) $157,500,000.
C) $112,000,000.
D) $125,000,000.
E) $105,000,000.