CIBC World Markets has agreed to a firm commitment underwriting in which they will pay $41.4 million in exchange for 5.4 million shares of stock for an IPO offering. The offering price is expected to be $8.3 a share. How much will CIBC earn in profit if all of the shares can be sold? Express your answer in millions to 2 decimal places. i.e. enter $6,732,000 as 6.73 Do not round earlier calculation steps