Zang Industries has hired the investment banking firm of Eric, Schwartz, & Mann $($ESM$)$ to help it go public. Zang and ESM agree that Zang's current value of equity is $$55$ million. Zang currently has $4$ million shares outstanding and will issue $1\mathrm{.}6$ million new shares. ESM charges a $9\%$ spread.

What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent.

$

How much cash will Zang raise net of the spread? Enter your answer in millions. For example, an answer of $$1\mathrm{.}234$ million should be entered as $1\mathrm{.}234,$ not $1,234,000.$ Do not round intermediate calculations. Round your answer to three decimal places.

$

million