You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company's assets are $130,000 plus the idea for your new product. Suppose the first milestone for your restaurant chain is demonstrated profitability at the first two outiets. You budget an additional $1,529,000 investment to get to this milestone. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $1.10 each. a. How many shares will you need to sell to raise the additional $1,529,000 ? (Enter your answer in whole numbers, not in millions.) b. What fraction of the firm will you own after the VC investment? (Enter your answer as a percent rounded to 1 decimal place.)