The New Fund had average daily assets of $2.7 billion in the past year. New Funds expense ratio was 1.6% and the management fee was 1.4%.

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