dvantage Corp. has just gone public. Under a firm commitment agreement, Advantage

Last savy ceived $$38\mathrm{.}50$ for each of the $3\mathrm{.}5$ million shares sold. The initial offering price was $$41\mathrm{.}25$

Finish or share, and the stock rose to $$46\mathrm{.}20$ per share in the first few minutes of trading. Ivantage incurred $$1,155,000$ in direct legal and other costs and $$650,000$ in indirect costs. lat is the total amount of direct costs?

ct one:

a$.$ $$10,241,000$

b$.$ $$9,625,000$

$=$$$17,975,000$

$$10,780,000$

$$19,702,000$