FARO Technologies, whose products include portable 3D measurement equipment, recently had 31 million shares outstanding trading at $35 a share. Suppose the company announces its intention to raise $340 million by selling new shares. b. How large a loss in dollar terms will existing FARO shareholders experience on the announcement date based on studies that show losses are 30% of the size of the new issue? (Enter your answer in millions.) Expected loss *$ 102 million What percentage of the value of FARO's existing equity prior to the announcement is this expected gain or loss? (Round your answer to 1 decimal place.) Percentage of the value %% d. At what price should FARO expect its existing shares to sell immediately after the announcement? (Do not round intermediate