Wallace Publishing recently completed its IPO. The stock was offered at a price of $13.23 per share. On the first day of trading, the stock closed at $19.45 per share. If Wallace Publishing paid an underwriting spread of 7.4% for its IPO and sold 5 million shares, what was the total cost (exclusive of underpricing) to it of going public? The total cost of going public was $ million. (Round to one decimal place.)