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On Thursday, April 18, 2019 Skype completed its IPO and began trading on the NASDAQ. The 9.91 million shares in the IPO were priced at

On Thursday, April 18, 2019 Skype completed its IPO and began trading on the NASDAQ. The 9.91 million shares in the IPO were priced at $36 per share. However, on the first day of trading the shares closed at $62. Assuming the investment bankers and lawyers charged 7% and 1% of the proceeds respectively; calculate the direct costs, indirect costs, and firm proceeds.

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