When Microsoft went public, the company sold two million new shares (the primary issue). In addition, existing shareholders sold 0.5 million shares (the secondary issue) and kept 20 million shares. The new shares were offered to the public at $18 and the underwriters recelved a spread of $1.22 a share. At the end of the first day's trading, the market price was $34 a share. a. How much money did the company recelve after paying its portion of the direct costs? (Round your answer to 2 decimal places.) 5 um of money the company received b. How much did the existing shareholders recelve from the sale after paying their portion of the direct costs? (Round your answer to 3 decimal places.) Sun of noney the existing shareholders received $ militon c. If the Issue had been sold to the underwriters for $29 a share, how many shares would the company have needed to sell to raise the same amount of cash? (Round your answer to 3 decimal places.) Number of shares d. How much better off would the existing shareholders have been? (Round your answer to 3 decimal places.) Increage in shareholders' proceeds