On January 20, Whalen Inc., sold 99 million shares of stock in an SEO. The market price of Whalen at the time was $ 41.25 per share. Of the 99 million shares sold, 44 million shares were primary shares being sold by the company, and the remaining 55 million shares were being sold by the venture capital investors. Assume the underwriter charges 4.7% of the gross proceeds as an underwriting fee.
a. How much money did Whalen raise? (million) round to two decimal places
b. How much money did the venture capitalists receive $_____(million) round to two decimal places
c. If the stock price dropped 2.4% on the announcement of the SEO and the new shares were sold at that price, how much money would Whalen receive? $_____(million) round to two decimal places.