Apple is going public using an auction IPO method. The firm received the following bids which are shown below, based on the time of arrival of the bid, i.e., the bids are not sorted in either increasing or decreasing order based on the price. Assuming Apple would like to sell 2.58 million shares in its IPO, what will the winning auction offer price be?

Price	Shares
14.00	1,260,000
13.60	480,000
13.80	840,000
14.80	160,000
14.20	1,640,000
14.60	200,000
14.40	580,000

Winning auction offer price (in $, rounded to two decimal places): $_______

Calculations: