Question 23 (1.25 points) Saved Great Lake sold 1,000,000 shares in an initial public offering. The underwriter's fees were 1.5% of the funds raised from the initially public offering. The offering price for the shares was $55, but immediately upon issue, the share price jumped to $60. What is the best estimate of the money left on the table or implicit cost to Great Lake of the equity issue? a) $5,825,000 Ob) $1,825,000 O $825,000 d) $5,000,000