On January $20,$ Whalen Inc., sold $9$ million shares of stock in an SEO. The market price of

Whalen at the time was $$42\mathrm{.}50$ per share. Of the $9$ million shares 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 $5\mathrm{.}5\%$ 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 $3\mathrm{.}1\%$ on the announcement of the SEO and the new shares were

sold at that price, how much money would Whalen receive?