NARRBEGIN: Brooks Corporation Brooks Corporation

NARRBEGIN: Brooks Corporation
Brooks Corporation
Brooks Corporation has just received $40 million in net proceeds from a seasoned offering.The offering was underwritten by ABC Investments,an investment bank that focuses on small company offerings.For the offering,8 million shares of stock were issued and the underwriting expenses for ABC Investments were $800,000.
-Refer to Brooks Corporation.For ABC Investments to make a profit on this offering,what is the minimum price they must sell the stock for on the secondary market?

A) $5.00
B) $5.04
C) $5.10
D) $5.15