Problem $6.$ Classy Candle Corp $($CCC$)$ will issue an IPO of $50,000$ shares with MoneyMaker Inc., the underwriter, via a firm commitment at $40$ per share. MoneyMaker charges a $$2$ per share fee for shares sold on a best$-$efforts basis. What will MoneyMaker's profit$/$loss be if CCC$\text{'}$s stock sells for $$29$ on the open market and only $75\%$ of the IPO is subscribed?

a$)-$$$912,500$

b$)-837,500$

c$)-412,500$

d$)$ $$1,425,000$

e$)$ $$2,000,000$