Question: ABC Ltd, a high-technology company, issues a $22 million IPO with an offer price of $6 per share, underwritten at $5.64 per share. The company's

ABC Ltd, a high-technology company, issues a $22 million IPO with an offer price of $6 per share, underwritten at $5.64 per share. The company's legal fees, ASIC registration fees, and other administrative costs are $364,000. The company's share price increases by $0.9 on the first day. What is the company's total cost of issuing the securities (in millions of dollars to three decimal places)

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