Question: Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $ 1 3 . 5 0 for each of the 8 million

Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $13.50 for each of the 8 million shares sold. The initial offering price was $15.50 per share, and the stock rose to $16.25 per share in the first few minutes of trading. Advantage incurred $1,860,000 in direct legal and other costs and $744,000 in indirect costs. What is the total amount of direct costs?
Select one:
a. $6,000,000
b. $16,000,000
c. $18,753,000
d. $17,860,000
e. $6,744,000
Advantage Corp. has just gone public. Under a

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