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Misfit inc. sold 2,500,000 shares in an initial public offering. The underwriter's explicit fees were $64,000. The offering price for the shares was $56.91, but

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Misfit inc. sold 2,500,000 shares in an initial public offering. The underwriter's explicit fees were $64,000. The offering price for the shares was $56.91, but immediately upon issue, the share price jumped to $61.06. What is the best estimate of the total cost of the equity issue? (Enter your answer in dollars with 2 decimals, but do not use the "$".)

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