The firm vou founded currently has 16 million shares, of which vou own 6 million. You are considering an IPO

where you would sell 2 million shares for $20 each. If all of the shares sold are primary shares, how much will the

firm raise?

What will be your percentage ownership of the firm after the IPO?

If all of the shares sold are primary shares, the firm will raise(fill in blank) million. (Round to one decimal place.)