Problem 4.17 The New Fund had average daily assets of $7.4 billion in the past year. If New Fund's expense ratio was 110% and the management fee was 0.70% a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions. Round your answer to 1 decimal place.) Fees paid million b. What were the other administrative expenses? (Enter your answer in millions. Round your answer to 1 decimal place) Other administrative expenses million