T]. Inc., a firm involved in technology products, raised a total of $90 million in an IPO. The company received $27 of the $30 per share offering price. The firm's legal fees, ASIC registration fees, and other out-of-pocket costs were $600,000. The firm's share price increased 17 percent on the first day of trading. The underwriting spread totalling $9,000,000 was determined as follows: What is the total cost to the firm of issuing the securities (IPO)? Select one: 3. 59,000,000 b. $15,300,000 c. $24,900,000 d. $600,000