Underwriting commission charged to both company and venture capitalist.

On January 20, Metropolitan Inc. sold 10 million shares of stock in an SEO. The market price of Metropolitan at the time was $41.00 per share. Of the 10 million shares sold, 5 million shares were primary shares being sold by the company, and the remaining 5 million shares were being sold by the venture capital investors. Assume the underwriter charges 5.1% of the gross proceeds as an underwriting fee. a. How much money did Metropolitan raise? b. How much money did the venture capitalists receive? C. If the stock price dropped 2.3% on the announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive