Lee Corp. has just gone public with an offering price of $35 per share and experienced 15% underpricing on the first trading day. Under a firm commitment agreement, Lee Corp. received $32 for each of the 20 million shares sold to the underwriter. In addition, Lee Corp. paid $5 million in direct legal and other costs.

Compute the direct issuance costs, and the indirect issuance costs. the total flotation costs as a percentage of funds raised. the amount of money left on the table.