Suppose that First Meriam decides that Marvin's shares are worth only $0.80 each. The common stock and the number of shareholders are as follows: Extract Common stock Number of Shareholders 1,000,000 10 o. How many shares will Marvin need to sell to raise the additional $11 million? (Enter your answer in whole number not in millions.) Number of shares 1.250 000 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.) 44.44 % Percentage of the firm Marvin's managers will own after the VC investment