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Problem 1 5 - 4 Calculating Flotation Costs [ LO 3 ] The Telwar Company has just gone public. Under a firm commitment agreement, the

Problem 15-4 Calculating Flotation Costs [LO 3]
The Telwar Company has just gone public. Under a firm commitment agreement, the company received $33.00 for each of the 4.20 million shares sold. The initial offering price was $35.40 per share, and the stock rose to $43.00 per share in the first few minutes of trading. The company paid $915,000 in legal and other direct costs and $270,000 in indirect costs.
What is the net amount raised?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g.,1,234,567.
\table[[Net amount raised,$,135,925,000
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