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?

• $125,726,000

• $130,000,000

• $127,650,000

• $169,900,000

• $172,500,000