eBook Problem $10-01$ A company is going public at $$18$ and will use the ticker XYZ$.$ The underwriters will charge a $7$ percent spread. The company is issuing $18$ million shares, and insiders will continue to hold an additional $36$ million shares that will not be part of the IPO. The company will also pay $$2\mathrm{.}5$ million of audit fees, $$4\mathrm{.}5$ million of legal fees, and $$600,000$ of printing fees. The stock closes the first day at $$21.$ Answer the following questions: At the end of the first day, what is the market capitalization of the company? Enter your answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answer to one decimal place. $$$million What are the total costs of the offering? Include underpricing in this calculation. Enter your answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answer to one decimal place. $$$million