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Question 17 60 pts DOA sold 4,400.000 shares in an initial public offering. The underwriter's explicit fees were $56,000. The offering price for the shares

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Question 17 60 pts DOA sold 4,400.000 shares in an initial public offering. The underwriter's explicit fees were $56,000. The offering price for the shares was $36.48, but immediately upon issue, the share price changed to $35.31. How much did DOA raised in funds? (Enter your answer in dollars with 2 decimals, but do not use the "$")

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