Parafoil Avionics sells 50 million shares of stock in an SEO-30 million being primary shares issued by the company and 20 million being secondary shares sold by investors in the company. At the time of the sale, Parafoil's stock was selling at $11.0 per share. If the underwriter charges 7% of the gross proceeds as a fee, how much money was raised in the sale? O A. $322 milion OB. $368 million OC. $307 million OD. $399 million