TJ, 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 firms legal fees, ASIC registration fees, and other out-of-pocket costs were $600,000. The firms share price increased 17 percent on the first day of trading. The underwriting spread totalling $9,000,000 was determined as follows:

Underwriting Spread:
Underwriters spread ($30 per share - $27 per share)	$3 per share
Number of shares outstanding = ($90 million/$30 per share)	3,000,000 shares
Underwriting cost = ($3 per share 3,000,000 shares)	$9,000,000

What is the total cost to the firm of issuing the securities (IPO)?