When Microsoft went public, the company sold two million new shares (the primary issue). In addition, existing sharehoiders sold 0.5 million shares (the secondary issue) and kept 21.6 million shares. The new shares were offered to the public at $24 and the underwriters received a spread of $1.31 a share. Al the end of the first day's trading, the market price vras $40 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.) 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 ploces.) Sun of maney the existing sharehelilens recelved c. It the issue had been sold to the underwiters for $37 a shore. how many shares would the company have needed to sell to ralse the same amount of cash? (Round your onswer to 3 decimal pleces.) Nunber of thaces d. How much better off would the existing shareholders have been? (Aound your answer to 3 decimal places.)