Margoles Publishing recently completed its IPO. The stock was offered at a price of $ 13.32 per share. On the first day of trading, the stock closed at $ 19.54 per share. If Margoles Publishing paid an underwriting spread of 6.8 % for its IPO and sold 6 million shares, what was the total cost (exclusive of underpricing) to the company of going public? The total cost of going public was $ nothing million.