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Google issues a $47.2 million IPO providing proceeds to Google of $5.31 per share, from an offer price to the public of $5.9 per share.

Google issues a $47.2 million IPO providing proceeds to Google of $5.31 per share, from an offer price to the public of $5.9 per share. The company's legal fees, ASIC registration fees, and other administrative costs are $164,000. The company's share price increases 5.6 per cent on the first day. What is the total amount of the underwriters spread (in millions of dollars to the nearest three decimal places; dont use the $ sign eg 7.897)?

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