Wallace Publishing recently completed its IPO. The stock was offered at a price of $14.92 per share. On the first day of​ trading, the stock closed at $18.41 per share. If Wallace Publishing paid an underwriting spread of 7.5% for its IPO and sold 13 million​ shares, what was the total cost​ (exclusive of​ underpricing) to it of going​ public? ​(Round to one decimal​ place.)

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