Assume the issuer incurs $250,000 in other expenses to sell 1 million shares at $10 each to an underwriter and the underwriter sells the shares at $11 each. By the end of the first days trading, the issuing companys stock price had risen to $13. What is the total issue cost including underpricing, the underwriter spread or fee, and costs paid directly by the issuing firm?

A. $1,000,000 B. $3,250,000 C. $3,000,000 D. $1,250,000 E. $2,000,000