Please complete all parts of problem #14 (week 13/14)

14A) Oak Company has just gone public. Oak sold 40 million shares at an offer price of $71. The underwriters received a spread of 4%. Legal and filing fees were $3.4 million. On the first day of trading, the stock closed at $90.88. What were the total direct costs of the IPO (in $ million)?

14B) What were the total indirect costs of the IPO (in $ million)?

14C) What were the total flotation costs (in $ million)?

14D) What were the total flotation costs as a fraction of the issue size?