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Misfit inc. sold 1,400,000 shares in an initial public offering. The underwriter's explicit fees were $71,000. The offering price for the shares was $58.39, but

Misfit inc. sold 1,400,000 shares in an initial public offering. The underwriter's explicit fees were $71,000. The offering price for the shares was $58.39, but immediately upon issue, the share price jumped to $61.12 . What is the best estimate of the total cost of the equity issue?

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