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The firm you founded currently has 16 million shares, of which you own 5 million. You are considering an IPO where you would sell 1

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The firm you founded currently has 16 million shares, of which you own 5 million. You are considering an IPO where you would sell 1 million shares for $23 each. If all of the shares sold are primary shares, how much will the firm raise? What will your percentage ownership of the firm be after the IPO? If all of the shares sold are primary shares, the firm will raise $1 million (Round to one decimal place)

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