Question: Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $11.50 for each of the 11 million shares sold. The initial offering

Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $11.50 for each of the 11 million shares sold. The initial offering price was $12.40 per share, and the stock rose to $14.65 per share in the first few minutes of trading. Advantage incurred $2,100,000 in direct legal and other costs and $840,000 in indirect costs. What is the total amount of direct costs? Select one: a. $12,000,000 b. $19,400,000 c. $25,590,000 d. $24,750,000 e. $9,900,000

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