Please help me answer the following question with clear answers. Thank you

= Homework: Lab #6 HW Score: 80%, 32 of 40 points O Points: 0 of 2 Save Your firm is selling 6 million shares in an IPO. You are targeting an offer price of $14.92 per share. Your underwriters have proposed a spread of 8.5%, but you would like to lower it to 6.5%. However, you are concerned that if you do so, they will argue for a lower offer price. Given the potential savings from a lower spread, how much lower can the offer price go before you would have preferred to pay 8.5% to get $14.92 per share? The offer price would need to drop to $ (Round to the nearest cent.)