An asset management firm has tasked its analyst with determining the liquidation cost of a fund's stock holdings. The fund holds 100,000 shares of company ABC, which currently have a bid price of USD 53.5 and an offer price of USD 54.5. The proportional bid-offer spread for this stock has a mean of 0.0185 and a standard deviation of 0.0250. The analyst needs to calculate the liquidation cost for this stock position during a stressed market scenario with a confidence level of 99%. What is the accurate liquidation cost for this stock position?