6. SpaceX is considering filing an IPO in 2023 to help finance additional investment in their company. Their underwriter, Goldman Sachs, would pay SpaceX a price of $130 per share for 1 billion shares regardless of whether Goldman is able to sell the issuance above this price which is called underwriting. If Goldman would price the issuance to other institutional investors at $140 per share, the total gross spread cost is Suppose after the first-day of trading that SpaceX's price increases to $175 per share. This would imply the IPO underpricing cost is and that the direct costs of issuance from the gross spread are than the indirect costs from underpricing. (a) best efforts; $10 billion; $35 billion; smaller (b) firm commitment; $10 billion; $35 billion; smaller (c) firm commitment; $10 million; $45 billion; smaller (d) firm commitment; $130 billion; $35 billion; greater