XYZ, Inc., sold 260,000 shares in an initial public offering. The underwriter's explicit fees were $82,000. The offering price for the shares was $52, but immediately upon issue, the share price jumped to $58. What is the best estimate of the total cost to XYZ, Inc., of the equity issue? Multiple Choice $1,642,000 $82,000 $1,478,000 $1,560,000