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Dingers Corp. needs to raise cash for expansion and has decided a public equity issue is the way to go. (This is a secondary equity

Dingers Corp. needs to raise cash for expansion and has decided a public equity issue is the way to go. (This is a secondary equity offering. Dingers stock already trades publicly.) Expansion costs are $125 million. The investment bank underwriting the issues charges 7.25% of the issue as a fee to Dingers. What is the dollar amount of the floatation cost? Round answers to whole numbers (i.e., no decimals).

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