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Suppose that First Meriam decides that Marvin's shares are worth only $0.75 each. The common stock and the number of shareholders are as follows: a.

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Suppose that First Meriam decides that Marvin's shares are worth only $0.75 each. The common stock and the number of shareholders are as follows: a. How many shares will Marvin need to sell to raise the additional $1.2 million? (Enter your answer in whole number not in millio b. What fraction of the firm will Marvin's managers own after the VC investment? (Enter your answer as a percent rounded to 2 decimal places.)

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