5 10 points The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $21.95 for each of the 6.68 million shares sold. The initial offering price was $23.80 per share, and the stock rose to $30.31 per share in the first few minutes of trading. The company paid $918,000 in legal and other direct costs and $193,000 in indirect costs. What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) eBook Flotation cost percentage % Ask Print References