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General Motors ( GM ) wants to increase investments in all - electric and autonomous vehicles. Suppose that GM plans to borrow $ 1 5

General Motors (GM) wants to increase investments in all-electric and autonomous vehicles. Suppose that GM plans to borrow $15 billion from a group of investors. Each investor is able to invest $100 million. Without an intermediary, GM would have to spend $5,000 to find each investor. On the other hand, JP Morgan, an investment bank, can find potential investors for $3,000(per investor). Suppose that GM hires JP Morgan to identify potential investors and agrees to pay $4,000 per investor. In this contract, how much value did JP Morgan provide to GM?
$120,000
$150,000
$150,000
$450,000
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