5 The New Fund had average daily assets of $2.6 billion in the past year. New Fund's expense ratio was 1.5% and the management fee was 1.0%. a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions rounded to 2 decimal places.) Total fees paid eBook million Print ferences b. What were the other administrative expenses? (Enter your answer in millions rounded to 2 decimal places.) Other administrative expenses million