y units / ABC Ltd., a technology company, issues a $20 million IPO providing proceeds to ABC of $3.6 per share, from an offer price to the public of $4 per share. The company's legal fees, ASIC registration fees, and other administrative costs are $289,000. The company's share price increases 8 per cent on the first day. What is the total cost to the issuer of the IPO (in millions of dollars to the nearest three decimal places; don't use the $ sign eg 7.897)