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On January 20 . Sullivan Inc, sold 10 milion shares of slock in an SEO. The market price of Sulivan at the time was $41.00 per share, Of the 10 milition shares sold, 4 millon shares were primary shares being sold by the company, and the remaining 6 million shares were being sold by the venture capital investors. Assume the underwiter charges 4.8% of the gross proceeds as an underwiting fee a. How much money did Sullivan raise? b. How much money did the venture capitalists receive? c. If the stock price droppod 3.6% on the announcement of the SEO and the new shares were sold at that price, how much money would Sullivan receive? a. How much money did Sullivan raise? After underwiting foes, Sutlvan ralseds milion. (Round to two decimal places)