A company is going public at $14 and will use the ticker *xL. The underwriters we charge a 7 percent spread. The company is issuing 15 million shares, and insiders wit continue to hold an additional 40 million shares that will not be part of the IPO. The company will also pay $1 million of audit fees, $2 million of legal fees, and $500,000 of printing fees. The stock closes the first day at $19. Answer the following questions: a. At the end of the first day, what is the market capitalization of the company? b. What are the total costs of the offering? Include underpricing in this calculation