An analyst want to calculate the cost of liquidation of one of the fund's stock positions under a stressed market scenario based on a 99% confidence level. The position consists of 100,000 shares of company A 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 0.0300 respectively. What is the correct cost of liquidation for this stock position?