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The New Fund had average daily assets of $2.4 billion in the past year. If New Fund's expense ratio was 1.10% and the management fee

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The New Fund had average daily assets of $2.4 billion in the past year. If New Fund's expense ratio was 1.10% and the management fee was 0.70%. a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions. Round your answer to 1 decimal place.) b. What were the other administrative expenses? (Enter your answer in millions. Round your answer to 1 decimal place.)

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