Barnegat Light sold $180,000$ shares in an initial public offering. The underwriter's explicit fees were $$66,000.$ The offering price for the shares was $$36,$ but immediately upon issue, the share price jumped to $$49.$ What is the best estimate of the total cost to Barnegat Light of the equity issue?Barnegat Light sold $180,000$ shares in an initial public offering. The underwriter's explicit fees were

$$66,000.$ The offering price for the shares was $$36,$ but immediately upon issue, the share price

jumped to $$49.$ What is the best estimate of the total cost to Barnegat Light of the equity issue?

Multiple Choice

$$2,340,000$

$$2,406,000$

$$66,000$

$$2,274,000$