A company is going public at $15 and will use the ticker xyz. The underwriters will charge a 7 percent spread. The company is issuing 22 million shares, and insidets will continue to hold an additional 44 million shares that will not be part of the IP0. The company will also pay $2.5 million of audit fees, $3 million of legal fees, and $800,000 of priating fees. The stock doses the firs day at 518. Answer the following questions: a. At the end of the first day, whot is the market capitalization of the company? Enter your answer in milions. For example, an answer of $1,2 milition ahould be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to one decimal place. 3 mition. b. What are the total costs of the offering? Include underpricing in this caiculation. Enter your answer in milions. For example, an answer of s1. 2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculaticns. Hound your answer to one decimal placn