The Huff Co. has just gone public. Under a firm committment agreement, Huff received $21.50 for each of the 6 million shares sold. The inital offering price was $23.65 per share, and the stock rose to $31.42 per share in the first few minutes of trading. Huff paid $1,260,000 in direct legal and other costs, and $390,000 in indirect costs. What is the total cost of raising captial?