4. ERP, Inc. has set its IPO price at $45 per share. It is offering 32,000,000 shares in its IPO. The lead underwriter is to get a total spread of 685 bp (which includes 35 bp for expenses) and is allotted 14,000,000 shares. The rest of the selling group of investment banks (nine banks) receive 290 bp. a. How large is ERP's IPO? b. What are the proceeds to ERP from its IPO? c. How much does the lead underwriter earn in the IPO? d. If each bank in the selling group receives the same allotment of shares, how much will each bank earn for its selling efforts? e. Suppose ERP stock closes on the first day of trading at $64.15. Compute the price pop, and compute how much money ERP "left on the table