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The firm you founded currently has 14 milion shares of which you own 7 million. You are considering an IPO where you would sell 3

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The firm you founded currently has 14 milion shares of which you own 7 million. You are considering an IPO where you would sell 3 milion shares for $25 each. If all of the shares sold are from your holdings, how much will the firm raise? What will your percentage ownership of the firm be after the IPO? It all of the shares sold are from your holdings. (Select the best choice below) A the firm will raise $75 million from the IPO. B. the firm will raise $175 million from the IPO c. the firm will raise no money from the IPO the firm will raise $350 million from the IPO Your percentage ownership of the firm after the IPO will be % (Round to one decimal place.)

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