Golden Eagle 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. Golden Eagle stock already trades publicly.) Expansion costs are $235 million. The investment bank underwriting the issues charges 5.950% of the issue as a fee to Golden Eagle. What is the dollar amount of the floatation cost?

Golden Eagle 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. Golden Eagle stock already trades publicly.) Expansion costs are $235 million. The investment bank underwriting the issues charges 5.950% of the issue as a fee to Golden Eagle. What is the dollar amount of the floatation cost