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FARO Technologies, whose products include portable 30 measurement equipment, recently had 33 million shares outstanding trading at $45 a share. Suppose the company announces its intention to raise $360 million by selling new shares. 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. 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. 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