please show with formulas in steps, thanks

round to 4 decimal places

Spero Inc. needs to raise $5,000,000 so they can finance a new project. They will sell new shares of equity through a general cash offering under a firm commitment agreement. The offering price is $18 and the underwriter charge a 11% spread. The other direct expenses of filing and legal fees are $525,000. What's the total flotation cost in dollars