18. The firm you founded currently has 9 million shares, of which you own 5.40 million. You are considering an IPO where you would sell 2.1 million shares for $24. What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case?

19. YVR, Inc. just announced a 14-million-share SEO (seasoned equity offering) at $47 per share. If all of the SEO shares are primary shares and its underwriter charges 5% of the gross proceeds, how much new capital will YVR raise? After underwriting fees, YVR will raise $____million? (Round to two decimal places.)