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Sandhill Biotech management plans a $$125$ million IPO in which the offering price to the public will be $$50$ per share. The company will receive $$47\mathrm{.}50$ per share. The firm's legal fees, SEC registration fees, and other out$-$of$-$pocket costs will total $$560,000.$ If the stock price increases $14$ percent on the first day of trading, what will be the total cost of issuing the securities$?$

Total cost

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