An investment bank agrees to underwrite an issue of 20 million shares of stock for Lincoln Bros II Inc. on a firm commitment basis. The investment bank pays $30.0 per share to Lincoln Bros II Inc. for the 20 million shares of stock. It then sells those shares to the public for $30.7 per share. What is the profit (loss) to the investment bank?

Enter your answer with dollar values. So, for example, if your answer is $20 million, then just enter 20,000,000.