Question: Please help me answer the following question. I have posted it before but the answer was incorrect so please provide a new answer. Thank you

Please help me answer the following question. I have posted it before but the answer was incorrect so please provide a new answer. Thank you

Please help me answer the following question. I have posted it before

= Homework: Lab #6 Question 19, Problem 14-18 Part 1 of 2 HW Score: 85%, 34 of 40 points O Points: 0 of 2 Save secondary shares you You founded a firm that currently has 12 million shares, of which you own 8 million. You are considering an IPO where you would sell 3 million shares for $16 each. If all of the shares sold are secondary, what is the maximum number could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case? What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? shares. The maximum number of secondary shares you could sell is (Round to the nearest whole number.)

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