The New Fund had average daily assets of $2.6 billion in the past year. New Funds expense ratio was 1.5% and the management fee was 1.0%.

a.	What were the total fees paid to the funds investment managers during the year? (Enter your answer in millions rounded to 2 decimal places.)

Total fees paid

$ million

b.	What were the other administrative expenses? (Enter your answer in millions rounded to 2 decimal places.)

Other administrative expenses

$ million