Question 12 10 pts Under a firm commitment agreement, Zeke, Co. went public and received $33.25 for each of the 8.1 million shares sold. The initial offer price was $36, and the stock rose to $39.38 at the end of day 1. The company paid $560,000 in other direct flotation costs and $215,000 in other indirect costs. What was the total cost of the new issues? (Do not round intermediate calculations. Round only the final dollar denominated answer to two decimal places. Your answer must be entered without the dollar symbol ($))