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A company is going public at 516 and will use the ticker XYZ. The underwriters will charge a 7 percent spread. The company is issuing 16 million shares, and insiders wil continue to hold an additional 32 milion shares that will not be part of the 1 po. The company will also pay $2 million of audit fees, 32.5 million of legal fees, and 5300,000 of printing fees. The stock doses the first day at $20. What are the total costs of going public for xYz as a percentage of the total pre-cost equity value? in calculating the pre-cost equity value, use the closing price of the stock at the end of the firit day as the pre cost equity value. Include underpricing in the calcuiation of the total costs of the offering. Do not round intermedate calculations. Pound your answer to two decimal places. A company is going public at 516 and will use the ticker XYZ. The underwriters will charge a 7 percent spread. The company is issuing 16 million shares, and insiders wil continue to hold an additional 32 milion shares that will not be part of the 1 po. The company will also pay $2 million of audit fees, 32.5 million of legal fees, and 5300,000 of printing fees. The stock doses the first day at $20. What are the total costs of going public for xYz as a percentage of the total pre-cost equity value? in calculating the pre-cost equity value, use the closing price of the stock at the end of the firit day as the pre cost equity value. Include underpricing in the calcuiation of the total costs of the offering. Do not round intermedate calculations. Pound your answer to two decimal places

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