Question: McDougal Entertainment is offers 75,000 shares of stock to the public in a general cash offer. The offer price is 36 dollar a share and the underwriter's spread is 7.5%. The managerial costs are estimated at 350,000 dollars. Determine how much will McDougal Entertainment receive from this stock offering?
[A] $2,497,500
[B] $2,550,500
[C] $2,700,000
[D] $2,147,500
[E] $2,350,000