etty White's house in Carmel, CA is being auctioned off in a second-price sealed bid auction. There are 5 mega-fans taking part in the auction. They each have a private value listed below.

All bidders, except Bidder #4, have taken Business Microeconomics and understand auction theory. As such, these bidders will submit bids using their optimal strategies, while Bidder #4 submits a bid of $12.5 million. Which bidder will win the auction and what will be the amount paid?

Group of answer choices

a) #2, $10 million

b) #2, $11 million

c) #4, $12 million

d) #4, $12.5 million

e) #5, $11 million

f) #5, $12 million