James Co. decided to issue 100 bonds at 102. The bonds will include 10 warrants with each bond. On the issue date, the fair market value (FMV) of each bond is 96, and the FMV of each warrant is $5. Each warrant allows the holder to purchase one share of $3 par stock for $25 per share. The James bonds will pay interest at 7 percent. Assuming that 400 warrants are exercised, the amount of additional Paid-In capital will be:

A) $96,951

B) $10,484

C) $20,000

D) $11,760

Note : I got $10, 484 - Just checking if that is correct