1. Indomitable Wonders is taking the company public by offering a total of 105,000 shares of common stock in an IPO. The underwriting syndicate agrees to pay Indomitable Wonders $18 a share and to provide their services in a best efforts underwriting. The underwriters sell a total of 100,000 shares to the public. The listing price of Indomitable Wonders share is $20.50 on the first day of trading in the secondary market. How much cash would Indomitable Wonders receive from its IPO? A. $2,050,000 B. $1,890,000 Le $1,800,000 D. $2,152,500