Under a firm commitment agreement, A firm went public and received $95 for each of the 5,000 shares sold. The initial offer price was $100, and the stock rose to $105 at the end of day 1. The firm paid $6,000 in other direct flotation costs and $400 in other indirect costs. What was the total cost of the new issues? (Do not round intermediate calculations. Round only the final dollar denominated answer to two decimal places. Your answer must be entered without the dollar symbol ($))