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In the IPO, the firm AAA issued 3,000,000 news shares. The initial price was $18.00 per share and investment banking fees were $1.26 per

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In the IPO, the firm AAA issued 3,000,000 news shares. The initial price was $18.00 per share and investment banking fees were $1.26 per share. The final first-day closing price was $23.50. What were the total proceeds from this IPO? $60,220,000 $54,000,000 $18,000,000 O $50,220,000

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