Your company is conducting an IPO. It has sold 8 million shares at $55 each to an underwriter, and the underwriter sells the shares at $59 each to investors. At the close of the first day's trading, your company's stock price is $58. Besides the spread to the underwriter, your company incurred a total of $1.5 million in other IPO-related costs. Which ONE of the following statements is TRUE? 1. The percentage spread (relative to IPO proceeds to your company) is 7.5%. 2. The spread and underpricing of your IPO are broadly in line with those of the average US IPO. 3. The company incurs an indirect cost due to IPO underpricing of $8 million. 4. The sum of the direct costs of the IPO plus the indirect cost to your company due to IPO underpricing amount to $25.5 million. 5. (Tick this option if you think that none of the statements is true.)