The Wiley OakleyCo. has just gone public. Under a firm commitment agreement, the company received $21.05 for each of the 6.59 million shares sold. The initial offering price was $22.90 per share, and the stock rose to $29.41 per share in the first few minutes of trading. The company paid $909,000 in legal and other direct costs and $184,000 in indirect costs.

What is the net amount raised?

Net amount raised =

What are the total directcosts?

Direct costs=

What are the total indirect costs?

Indirect costs =

What are the total costs?

Total costs=

What was the flotation cost as a percentage of funds raised?

Flotation cost percentage=