When Microsoft went public, the company sold 3 million new shares. In addition, existing shareholders sold .5 million shares and kept 22.4 million shares. The new shares were offered to the public at $20, and the underwriters received a spread of $1.81 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 receive before paying its portion of the direct costs? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Amount received $__ million b. How much did the existing shareholders receive from the sale before paying their portion of the direct costs? Amount received $ _million 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? Number of shares_ million d. How much better off would the existing shareholders have been? Gain to shareholders $ _million?