A Company Issued 5 Million New Shares of Stock

A company issued 5 million new shares of stock. An investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 3.7 million shares for $34.50 per share,and it charges commission of $0.52 per share sold. How much money will the company receive?

A) $125,726,000
B) $127,650,000
C) $130,000,000
D) $169,900,000
E) $172,500,000