Issuing securities.Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 4.3% commission fee. The SEC has authorized Wayne 4,820,000 shares for this issue. He plans to keep 970,000 shares for himself, hold back an additional 170,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 460,000 shares, and sell the remaining shares at $15.63 a share. Given the bids at the auction (shown on the table here) distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get?

i X Data Table Click on the following Icon in order to paste this table's content into a spreadsheet Bidder Quantity Bid Gotham Pension Fund 1,930,000 Clark Kent Investors 1,300,000 Central City Insurance 620,000 Arthur Curry 350,000 Barry Allen 340,000 Total 4,540,000 Print Done