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The firm you founded currently has 9 million shares, of which you own 7 million. You are considering an IPO where you would sell 1

The firm you founded currently has 9 million shares, of which you own 7 million. You are considering an IPO where you would sell 1 million shares for $27 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?

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