20. On January 20, Metropolitan, INC sold 8 million shares of stock in an SEO. The market price of Metropolitan at the time was $42.50 per share. Of the 8 million shares sold, 5 million shares were primary shares being sold by venture capital investors. Assume the underwriter charges 5% of the gross proceeds as an underwriting fee. A. How much money did Metropolitan Raise. B. How much money did the venture capitalists receive? C. If the stock price was dropped 3% on announcement of SEO and the new shares were sold at price how much money would Metropolitan receive