STR Household Appliances, Inc. plans to launch a new vacuum cleaner model and for that purpose the company will issue shares to finance the project. Crazy Bankers, Co., a prestigious investment bank, is the advisor and underwriter of STR in that financial operation. Crazy Bankers analysts suggest an equity issuance whose selling price will be $42,0 per share. The bank requires a flat $3,4 fee per share, and the required market return on STRs shares is 21,0%. Please compute the cost of that issuance for the first year.