FARO Technologies, whose products include portable 3D measurement equipment, recently had 20 million shares outstanding trading at $50 a share. Suppose the company announces its intention to raise $230 million by selling new shares. How large a loss in dollar terms will existing FARO shareholders experience on the announcement date, based on studies that show losses are 30% of the size of the new issue?

a. How large a loss in dollar terms will existing FARO shareholders experience on the announcement date, based on studies that show losses are 30% of the size of the new issue? Note: Enter your answer in millions without a sign. Answer is complete but not entirely correct. b. What percentage of the value of FARO's existing equity prior to the announcement is this expected loss? Note: Round your answer to 1 decimal place. Answer is complete but not entirely correct. c. At what price should FARO expect its existing shares to sell immediately after the announcement? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a. How large a loss in dollar terms will existing FARO shareholders experience on the announcement date, based on studies that show losses are 30% of the size of the new issue? Note: Enter your answer in millions without a sign. Answer is complete but not entirely correct. b. What percentage of the value of FARO's existing equity prior to the announcement is this expected loss? Note: Round your answer to 1 decimal place. Answer is complete but not entirely correct. c. At what price should FARO expect its existing shares to sell immediately after the announcement? Note: Do not round intermediate calculations. Round your answer to 2 decimal places