On January $20,$ Metropolitan, Inc. sold $8$ million shares of stock in an SEO. The market price of Metropolitan at the time was $$42\mathrm{.}50$ per share. Of the $8$ million shares sold, $5$ million shares were primary shares being sold by the company, and the remaining $3$ million shares were being sold by the venture capital investors. Assume the underwriter charges $5\%$ of the gross proceeds as an underwriting fee.

How much money did Metropolitan raise?

How much money did the venture capitalists receive?

If the stock price dropped $3\%$ on announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive?