Use the information below to answer this question.

Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.

what is the company authorized share authorized share capital?

• A.N4,000,000
• B.N5,000,000
• C.N7,500,000
• D.N2,500,000
• E.