20. On January 20, Whalen Inc. sold 9 million shares of stock in an SEO. The market price of Whalen at the time was $41.25 per share. Of the 9 million shares were sold, 5 million shares were primary shares being sold by the company, and the remaining 4 million shares were being sold by the venture capital investors. Assume the underwriter charges 4.9% of the gross proceeds as an underwriting fee. a. How much money did Whalen raise? b. How much money did the venture capitalists receive? c. If the stock price dropped 3.8% on the announcement of the SEO and the new shares were sold at that price, how much money would Whalen receive?