A certain company has issued common shares worth $ 10,000,000. Such issuance originated total expenses of the order of $ 600,000. This company expects to distribute $ 1,800,000 in dividends in the first year, which are expected to grow at an annual rate of 8%. If the tax rate is 50%, and the annual average inflation in the coming years is 18%, what is the cost that this issue of common shares represents for the company?