FIUDICIII J. TULLIUIT GUSES D E F The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $23.25 for each of the 20 million shares sold. The initial offering price was $25 per share, and the stock rose to $29.32 per share in the first few minutes of trading. Raven paid $950,000 in direct legal and other costs and $320,000 in indirect costs to make this offering. What was the flotation cost as a percentage of the funds raised? K M Use the Template Provided Below to Create Your Solution - Pay close attention to the formulas and formatting of the inputs. Input Area: Company price per share ($) Shares sold (number of shares) Initial offer price ($ per share) New price ($ per share) Direct costs (total $) Indirect costs (total $) Output Area: Net amount raised $ Total direct costs $ Total costs Total indirect costs Flotation cost SSSS $ #DIV/0!