Brooks Corporation Brooks Corporation Has Just Received $40 Million in Net Proceeds

Brooks Corporation
Brooks Corporation has just received $40 million in net proceeds from a seasoned offering. The offering was underwritten by ABC Investments, an investment bank that focuses on small company offerings. For the offering, 8 million shares of stock were issued and the underwriting expenses for ABC Investments were $800,000.
-Refer to Brooks Corporation.For ABC Investments to make a profit on this offering,what is the minimum price they must sell the stock for on the secondary market?

A) $5.00
B) $5.04
C) $5.10
D) $5.15