The Corner Market Is Offering 60,000 Shares of Stock to the Public

The Corner Market is offering 60,000 shares of stock to the public in a general cash offer.The offer price is $32 a share and the underwriter's spread is 7.5 percent.The administrative costs are estimated at $310,000.How much will Hilltop Market net from this stock offering assuming the issue is completely sold?

A) $1,370,800
B) $1,346,000
C) $1,466,000
D) $1,610,000
E) $1,800,000