Skiffertons an investment banking firm has proposed two types of payment plan

Skiffertons an investment banking firm has proposed two types of payment plans for the IPO being considered by Dakota Drilling a
manufacturer of oil drilling equipment. The first is a firm commitment of $5000000. The second is a best effort in which Skiffertons will receive $4.00 for
every share sold up to a maximum of $2000000 for the 500000 shares being offered. How much money will BB earn under the best efforts method if it is able to
sell only 80% of the offering at a price of $30.00 per share?

A) $2000000

B) $1800000

C) $1600000

D) $1400000