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Check Suppose thot First Meriam decides that Marvin's shares are worth only $0.75 each. The common stock and the number of shareholders are as follows:

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Check Suppose thot First Meriam decides that Marvin's shares are worth only $0.75 each. The common stock and the number of shareholders are as follows: Extract Common stock Number of Shareholders 1,000,000 10 a. How many shares will Marvin need to sell to raise the additional $18 milion? (Enter your answer in whole number not in millions.) Number of shares b. What fraction of the firm will Marvin's managers own after the VC investment? (Enter your answer as a percent rounded to 2 decimal places.) Percentage of the firm Marvin's managers will own after the VC investment 20:49

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