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Abu Dhabi investment bank agrees to underwrite an issue of 1 0 million shares of stock for Aramex on a best - efforts basis. Abu

Abu Dhabi investment bank agrees to underwrite an issue of 10 million shares of stock for Aramex on a best-efforts basis. Abu Dhabi investment bank is able to sell 8 million shares for AED10.50 per share, and it charges Aramex AED 0.225 per share sold.
What is the profit to Abu Dhabi investment bank if it is able to sell 8 million shares for AED 10.50 per share?
Profit of AED 1,000,000.
Profit of AED 7,000,000.
Profit of AED 1,800,000.
Loss of AED 7,000,000.
Loss of AED 7,500,000.

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