ByLine, Inc. just sold 800,000 shares in a public offering for an offering price of $26 per share.The underwriting fee was 8.00% of the issue's total value based on the offering price. As soon as the shares were issued, the price jumped to $38 per share.

What are the explicit, implicit, and total costs of the issue?(Round your answer to the nearest dollar.)

a.Explicit cost$

b.Implicit cost$

c.Total cost$