Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $11.50 for each of the 11 million shares sold. The initial offering price was $12.40 per share, and the stock rose to $14.65 per share in the first few minutes of trading. Advantage paid $2,100,000 in direct legal and other costs and $840,000 in indirect costs. What is the cost of underpricing the shares? Select one: a. $24,750,000 b. $25,590,000 c. $9,900,000 d. $12,000,000 e. $19,400,000