A company sold 10 million shares in an IPO at a price of $10 per share. The underwriters charged an 8% fee and incurred expenses of $500,000. Price per share at the end of the first day was $12.50. How much money was left on the table?

$15.8 million

$33 million

$17 million

$25 million

none of the above

Please show how you got the answer.