$5$ Bamegat Light sold $200,000$ shares in an Initial public offering. The underwitter's explicit fees were $$70,000.$ The offering price for the shares was $$40,$ but immedlately upon issue, the share price Jumped to $$50.$ What is the best estimate of the total cost to Barnegat Light of the equily issue?

Murtiple Cholce

otesser

$$ $$2,070,000$

$$70,000$

$$1,930,000$

$$2,000,000$