What decimal number does the bit pattern $0\backslash$times $0$C$000000$ represent if it represents a floating$-$point number using the IEEE $754$ standard? Show your work leading to your answer. For example: what is:

$$ Sign bit: $0($positive$)$

$$ Exponent: $0$x$0$C $(12$ in decimal$)$

$$ mantissa bits $($fractional portion$)$: $0$x$000000($which is $0$ in decimal$)$