Question 7 (8 marks) The parts a) and b) below are independent questions which do not relate to each other. a) Company XXX Pty Ltd plans to raise $100 million through an IPO (This is the gross amount before the cost of the IPO). The IPO price is $4.60 per share, underwritten at 54.20. All the administration fee for the IPO is $450.000. As expected, the share price increased to $5.10 on the first trading day. What is the company's total cost of the IPO