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 best-efforts basis.The investment banker is able to sell 4.5 million shares for $31.00 per share and it charges NetChoice,Inc.$0.375 per share sold.
-What is the profit to the investment banker it sells 4.5 million shares for $29 per share?

A) Profit of $1,687,500.
B) Loss of $2,487,500.
C) Profit of $1,875,000.
D) Loss of $3,125,000.