make final answer very clear please

Question 12 3.3333 poir A company wishes to sell new shares of common stock to the public The current price of the stock is $160. The company's advisor determines that the stock could be sold with underpricing of 12% per share. Flotation costs would be $3.50 per share. What would be the net proceeds of the sale to the company? Round your answer to two decimal places (0.00) Do not use the dollar sign