Fishwick enterprises has 228,500 shares outstanding half which are owned by Jennifer Fishwick and a half by her cousin the two cousins have decided to sell 119,000 shares an IPO. Half of the shares would be issued by the company to raise new cash and half would be shares that are currently held by Jennifer Fishwick supposed the shares are sold at an issue price of $50 price to $80 by the end of the first days trading suppose also that investors would have been prepared to buy the issue at $80 what percentage of the company with Jennifer on after the issue