On January? 20, Metropolitan ?Inc., sold 10 million shares of stock in an SEO. The current...

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On January? 20, Metropolitan ?Inc., sold 10 million shares ofstock in an SEO. The current market price of Metropolitan at thetime was $ 42.00 per share. Of the 10 million shares? sold, 6million shares were primary shares being sold by the? company, andthe remaining 4 million shares were being sold by the venturecapital investors. Assume the underwriter charges 5 % of the grossproceeds as an underwriting fee.? (which is shared proportionatelybetween primary and secondary? shares).
a. How much money did Metropolitan ?raise??? round to onedecimal
b. How much money did the venture capitalists? receive? round totwo decimal

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On January? 20, Metropolitan ?Inc., sold 10 million shares ofstock in an SEO. The current market price of Metropolitan at thetime was $ 42.00 per share. Of the 10 million shares? sold, 6million shares were primary shares being sold by the? company, andthe remaining 4 million shares were being sold by the venturecapital investors. Assume the underwriter charges 5 % of the grossproceeds as an underwriting fee.? (which is shared proportionatelybetween primary and secondary? shares).a. How much money did Metropolitan ?raise??? round to onedecimalb. How much money did the venture capitalists? receive? round totwo decimal