Question: make final answer clear please Waterloo Waste Management sells 5 million shares of stock in an SEO, with 3 million being primary shares issued by

make final answer clear please

Waterloo Waste Management sells 5 million shares of stock in an SEO, with 3 million being primary shares issued by the company and 2 million being secondary shares sold by investors in the company. At the time of the sale, the firm's stock was selling at $12.50 per share. If the underwriter charges 7% of the gross proceeds as a fee, how much money was raised in the sale? O A. $34.88 million OB. $25 million O C. $37.5 million D. $58.13 million E. $23.25 million

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