On January 20, Metropolitan Inc. sold 88 million shares of stock in an SEO. The market price of Metropolitan at the time was $41.50 per share. Of the 88 million shares sold, 44 million shares were primary shares being sold by the company, and the remaining 44 million shares were being sold by the venture capital investors. Assume the underwriter charges 4.5% of the gross proceeds as an underwriting fee.

a. How much money did the Metropolitan raise? Round to 2 decimal places

b. How much did the venture capitalists receive? Round to 2 decimal places

c. If the stock price dropped 3.5% on the announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive? Round to 2 decimal places.