Please show all work and neatly please.

6. Congratulations! While studying feverishly in the college cafeteria, you have stumbled upon the secrets of developing the world's first laser can-opener You would like to develop your idea for the betterment of mankind. You have some ideas about how you can produce and market these little beauties Initial funding for the project has been provided by venture capitalists, and initial market acceptance has been favorable. You would like to crank up production and think that perhaps it is time to go public. (answer parts a-d) a. Explain in detail how venture capitalists fund entrepreneurs and why both entrepreneurs and venture capitalists might be eager to "cash in" by going public b. What is the role of underwriters in an IPO, how are they compensated and what arrangements might they make with you regarding the sale of your securities? c. Also explain the role of Federal and state regulatory agencies in the IPO process. (Hint: it looks a little "fishy" to me.)