On January 20, Whalen Inc. sold 8 million shares of stock in an SEO. The market price of Whalen at the time was $42.00 per share. Of the 8 million shares sold, 4 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 4.6%of the gross proceeds as an underwriting fee.

A) How much did Whalen raise?

B) How much money did the venture capitalists receive?

C) If the stock dropped 2.4% on the announcement of the SEO and the new shares were sold at that price, how much money would Whalen receive?

(round to 2 decimal places)