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The firm you founded currently has 1 4 million shares, of which you own 8 . 6 8 million. You are considering an IPO where

The firm you founded currently has 14 million shares, of which you own
8.68 million. You are considering an IPO where you would sell 2 million
shares for $24. What is the maximum number of secondary shares you
could sell and still retain more than 50% ownership of the firm? How
much would the firm raise in that case?
The maximum number of secondary shares you could sell is
shares.
(Round to the nearest whole number.)
The amount that the firm would raise is $.(Round to the
nearest dollar.)
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