Company B is considering issuing new equity through Dutch auction. The company intends to issue 105,000 shares. There are six potential institutions want to buy the new issue. A offers to subscribe 25,000 shares at a price of $15/share, B offers to subscribe 20,000 shares at a price of $17/share, C offers to subscribe 100,000 shares at a price of $12/share, D offers to subscribe 30,000 shares at a price of $15/share, E offers to subscribe 40,000 shares at a price of $16/share, and F offers to subscribe 25,000 shares at a price of $14/share. a) How much equity does the company raise? b) Who are the shareholders eventually buy the companys share, and how many shares does each institution buy respectively? c) What is the price each institution obtains? Ignore transaction costs.