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Plasti-tech Incorporated has decided to go public and has sold 2 million of its shares to its underwriter for $37 per share. The underwriter then

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Plasti-tech Incorporated has decided to go public and has sold 2 million of its shares to its underwriter for $37 per share. The underwriter then sold them to the public for $39 each. Plasti-tech also encountered $0.3 million in administrative fees. Soon after the issue, the stock price rose to $45. Find Plasti-tech Incorporated's total cost of this issue including any underpricing. Multiple Choice $4.3 million \$15.3 million $16.3 million $20.3 million

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