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DRK, Inc., just sold 140,000 shares in an initial public offering. The explicit underwriter fee was $84,000. The offer price of the shares was $54,

DRK, Inc., just sold 140,000 shares in an initial public offering. The explicit underwriter fee was $84,000. The offer price of the shares was $54, but immediately after the issuance, the share price jumped to $63.00. to. What is the total cost to DRK of issuing shares?

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