Axon Industries needs to raise $$22\mathrm{.}69M$ for a new investment project. If the firm issues one$-$year debt, it may haveto pay an interest rate of $9\mathrm{.}38\%,$ although Axon's managers believe that $5\mathrm{.}36\%$ would be a fair rate given the level of risk. If the firm issues equity, they believe the equity may be underpriced by $11\mathrm{.}92\%.$ What is the cost to current shareholders of financing the project out of Equity?

NOTE: Provide your answers in Millions. E$.$G$.$ for $100M$ you must enter $100\mathrm{.}000,$ for $20M$ you must enter $20\mathrm{.}0000,$ etc.