58) 58) Bamegat Light sold 200,000 shares in an initial public offering. The underwriter's explicit fees were $90,000. The offering price for the shares was $35, but immediately upon issue, the share price jumped to $43. What is the best estimate of the total cost to Bamegat Light of the equity issue? A) S1,690,000 B) $90,000 C) $2,390,000 D) $1,290,000