1. Internet Ideas, Inc. is offering 35,000 shares in an initial public offering. The underwriters have agreed upon a best efforts offering with an offer price of $36 and a 7 percent spread. The underwriters were able to sell 21,000 shares to the general public. The stock opened at a price of $42 a share on its first day of secondary market trading. How much cash did Internet Ideas, Inc. leave on the table in this offering?

	a.	$126,000
	b.	$210,000
	c.	$117,180
	d.	$130,446
	e.	$195,300