Under a firm commitment agreement, Zeke, Company, went public and received $$30\mathrm{.}00$ for each of the $6\mathrm{.}8$ million shares sold. The initial offer price was $$32$ and the stock rose to $$34\mathrm{.}25.$ The company paid $$560,000$ in direct flotation costs and $$215,000$ in indirect costs. What was the flotation cost as a percentage of funds raised?

Multiple Choice

$24\mathrm{.}34\%$

$14\mathrm{.}60\%$

$6\mathrm{.}97\%$

$19\mathrm{.}89\%$

$23\mathrm{.}07\%$