Ocean Gas is a private firm and has 10 million shares outstanding. The company has planned for its initial public offering (IPO). The IPO price has been set at $20 per share, and the underwriting spread is 7%. The IPO is a big success. The number of shares sold in the primary offering is 8 million shares and the number of shares sold in the secondary offering is 6 million shares. The share price rises to $30 on the first day of trading. (i) How much did Ocean Gas raise through this IPO? (ii) How much did the existing shareholders receive through this IPO