A manager at an asset management firm requests that an analyst calculate the cost of liquidation of one of the fund's stock positions. The position consists of 100,000 shares of company ABC and the stock has a current bid price of USD 53.5 and an offer price of USD 54.5. The mean and standard deviation for the stock's proportional bid-offer spread is 0.0185 and 0.0250 respectively. The analyst calculates the cost of liquidation for this entire stock position under a stressed market scenario based on a 99% confidence level. What is the correct cost of liquidation for this stock position?