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

where vou would sell 1 million shares for $30 each. If all of the shares sold are from your holdings, 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 from your holdings, (Select the best choice below.)

O A. the firm will raise $180 million from the IPO

O B. the firm will raise no money from the IPO.

O C. the firm will raise $480 million from the IPO

O D. the firm will raise $30 million from the IPO.