DRK, Incorporated, has just sold 110,000 shares in an initial public offering. The underwriter's explicit fees were $66,000. The offering price for the shares was $60, but immediately upon issue, the share price jumped to $66.00. Required: a. What is the total cost to DRK of the equity issue? Total cost b. Is the entire cost of the underwriting a source of profit to the underwriters? O Yes