FARO Technologies, whose products include portable 3D measurement equipment, recently had 26 million shares outstanding trading at $45 a share. Suppose the company announces its intention to raise $290 million by selling new shares. b. How large a loss in dollar terms will existing FARO shareholders experience on the announcement date, based on studies that show losses are 30% of the size of the new issue? (Enter your answer in millions.) What percentage of the value of FAROs existing equity prior to the announcement is this expected gain or loss? (Round your answer to 1 decimal place.)