Problem $15-3$ Calculating Flotation Costs $[$LO $3]$

The Meadows Corporation needs to raise $$65\mathrm{.}6$ million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $$56$ per share and the company's underwriters charge a spread of $9$ percent. The SEC filing fee and assc. Fiated administrative expenses of the offering are $$456,000.$

What are the required proceeds from the sale necessary for the company to pay the underwriter's spread and administrative costs? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.$

$\backslash$table$[[$Required proceeds,$$,72,087,912$