In $2019,$ Pandora, Inc., makes a rights issue at a subscription price of $$4$ a share. One new share can be purchased for every four

shares held. Before the issue there were $8$ million shares outstanding, and the share price was $$5\mathrm{.}5.$

a$.$ What is the total amount of new money raised? $($Round your answer to $2$ decimal places.$)$

b$.$ What is the expected stock price after the rights are issued? $($Round your answer to the nearest cent.$)$

Expected stock price per share