PanicKingDoom Gamers (PKDM) expects to net \\( \\$ 120 \\) million in its forthcoming IPO, the direct costs of which are estimated to be \\( \\$ 1 \\) million. If its underwriters sell the PKDM stock at \\( \\$ 25 \\) and charge a \7 spread, what is the total underwriting cost for PKDM? Note: The firm has to cover the direct costs separately (think of costs associated with meeting with investors, covering marketing and prospectus materials, legal costs for filing with SEC, etc.), as most of these activities occur prior to the actual IPO. \\( \\$ 8.03 \\) million \\$10.03 million \\$17.02 million \\( \\$ 7.77 \\) million