Fishwick Enterprises has 213,500 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The two cousins have decided to sell 109,000 shares in an IPO. Half of these shares would be issued by the company to raise new cash, and half would be shares that are currently held by Jennifer Fishwick. Suppose that the shares are sold at an issue price of $50 but rise to $80 by the end of the first days trading. Suppose also that investors would have been prepared to buy the issue at $80. a. What percentage of the company will Jennifer own after the issue? (Round your answer to 2 decimal places.) b. What will her holding be worth at the end of the first days trading? c. Suppose the issue had been priced at $80. How many shares would the company have needed to sell to raise the same gross proceeds from the IPO? d. What in this case would be Jennifers wealth (cash plus the value of her remaining holding)? (Enter your answer in millions rounded to 3 decimal places.) e. What is the cost of underpricing to Jennifer in dollars? (Enter your answer in millions rounded to 3 decimal places.)