Steel City Motors wants to have an initial public offering. Their investment bank presents two options for the initial issue: a fixed commitment offer of $4,800,00, or best-effortsarrangement where the investment bank receives $2.00 per share offered to the public. Steel City intends to sell 1,000,000 shares at a price of $7. If 90% of the shares are sold at the predetermined price, which arrangement should Steel City choose?