DRK, Incorporated, has just sold 210,000 shares in an initial public offering. The underwriter's explicit fees were $126,000. The offering price for the shares was $38, but immediately upon issue, the share price jumped to $40.50. 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? Yes No