A company is going public at $14 and will use the ticker XYZ. The underwriters will charge a 7 percent spread. The company is issuing 25 million shares, and insiders will continue to hold an additional 50 million shares that will not be part of the IPO. The company will also pay $3 million of audit fees, $3.5 million of legal fees, and $900,000 of printing fees. The stock closes the first day at $18. Answer the following questions: 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to one decimal place. \$ million b. What are the total costs of the offering? Include underpricing in this calculation. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to one decimal place. million