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Canadian Air would like to sell 3 8 2 5 8 9 9 shares of stock using Dutch auction underwriting. The bids received are:

Canadian Air would like to sell 3825899 shares of stock using Dutch auction underwriting. The bids received are:
\table[[Bidder,Quantity,Price],[A,650,000,31],[B,750,000,30],[C,1,150,000,29],[D,1,350,000,28],[E,550,000,27],[F,700,000,26]]
How much will the company raise in its offer? Suppose that the underwriting gross spread is 6%.
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