Task: Table-QA (source dataset: FinQA)

Task: 
You are given a table containing structured data and a natural language question referring to the table. Your goal is to analyze the table and provide an accurate and concise answer based on the given data.

Instructions:
1. Understand the Table: Examine the structure, headers, and data in the table. Identify relevant columns and rows related to the question.
2. Interpret the Question: Determine whether the question requires direct retrieval, aggregation, comparison, sorting, filtering, or inference.
3. Extract the Answer: Use logical reasoning and numerical operations (if necessary) to derive the correct response from the table.
4. Format the Answer: No explanation, return the answer in a structured JSON format: {"answer": <answer>}. If the question cannot be answered due to missing or ambiguous data, return a JSON response with {"answer": null}.

Table:
| ( in thousands )                                              | december 31 2007   |
|:--------------------------------------------------------------|:-------------------|
| 2008                                                          | $ 14684            |
| 2009                                                          | 14660              |
| 2010                                                          | 13110              |
| 2011                                                          | 10125              |
| 2012 and thereafter                                           | 1005               |
| total future minimum sponsorship and other marketing payments | $ 53584            |

Question:
in november 2005 what was the percent of the stock issue costs to the company proceeds


pre_text: for the years ended december 31 , 2007 , 2006 and 2005 , $ 0.5 million , $ 0.8 million and $ 1.4 million , respectively , of depreciation and amortization on assets under capital leases was included in depreciation and amortization expense .
sponsorships and other marketing commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .
these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .
the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2007 : ( in thousands ) december 31 .
post_text: the amounts listed above are the minimum obligations required to be paid under the company 2019s sponsorship and other marketing agreements .
some of the these agreements provide for additional incentives based on performance achievements while wearing or using the company 2019s products and may also include product supply obligations over the terms of the agreements .
the company is , from time to time , involved in routine legal matters incidental to its business .
management believes that the ultimate resolution of any such current proceedings and claims will not have a material adverse effect on the company 2019s consolidated financial position , results of operations or cash flows .
certain key executives are party to agreements with the company that include severance benefits upon involuntary termination or change in ownership of the company .
8 .
stockholders 2019 equity in november 2005 , the company completed an initial public offering and issued an additional 9.5 million shares of common stock .
as part of the initial public offering , 1.2 million outstanding shares of convertible common stock held by rosewood entities were converted to class a common stock on a three-for-one basis .
the company received proceeds of $ 112.7 million net of $ 10.8 million in stock issue costs , which it used to repay the $ 25.0 million term note , the balance outstanding under the revolving credit facility of $ 12.2 million , and the series a preferred stock of $ 12.0 million .
as part of a recapitalization in connection with the initial public offering , the company 2019s stockholders approved an amended and restated charter that provides for the issuance of up to 100.0 million shares of class a common stock and 16.2 million shares of class b convertible common stock , par value $ 0.0003 1/3 per share , and permits amendments to the charter without stockholder approval to increase or decrease the aggregate number of shares of stock authorized , or the number of shares of stock of any class or series of stock authorized , and to classify or reclassify unissued shares of stock .
in conjunction with the initial public offering , 1.0 million shares of class b convertible common stock were converted into shares of class a common stock on a one-for-one basis in connection with a stock sale. .
label: 0.09583000000000001
qa: answer: 9.6%
ann_text_rows: 12
steps: op: divide2-1
arg1: 10.8
arg2: 112.7
res: 9.6%
program: divide(10.8, 112.7)
gold_inds: text_12: the company received proceeds of $ 112.7 million net of $ 10.8 million in stock issue costs , which it used to repay the $ 25.0 million term note , the balance outstanding under the revolving credit facility of $ 12.2 million , and the series a preferred stock of $ 12.0 million .
exe_ans: 0.09583000000000001
tfidftopn: text_10: stockholders 2019 equity in november 2005 , the company completed an initial public offering and issued an additional 9.5 million shares of common stock .
text_13: as part of a recapitalization in connection with the initial public offering , the company 2019s stockholders approved an amended and restated charter that provides for the issuance of up to 100.0 million shares of class a common stock and 16.2 million shares of class b convertible common stock , par value $ 0.0003 1/3 per share , and permits amendments to the charter without stockholder approval to increase or decrease the aggregate number of shares of stock authorized , or the number of shares of stock of any class or series of stock authorized , and to classify or reclassify unissued shares of stock .
program_re: divide(10.8, 112.7)
model_input: table_1
( in thousands ) the 2008 of december 31 2007 is $ 14684 ;
text_10
stockholders 2019 equity in november 2005 , the company completed an initial public offering and issued an additional 9.5 million shares of common stock .
text_12
the company received proceeds of $ 112.7 million net of $ 10.8 million in stock issue costs , which it used to repay the $ 25.0 million term note , the balance outstanding under the revolving credit facility of $ 12.2 million , and the series a preferred stock of $ 12.0 million .