Asia-based Ashraf Inc., a high-tech company, raised $92 million in its initial public offering (IPO). Of the $35 offering price per share, the corporation got $29. $400,000 was spent on the firm's legal fees, SEC registration fees, and other out-of-pocket expenses. The first trading day saw a 17% spike in the company's stock price. How much did the company have to pay in total to issue the securities?

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