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

3.6%

commission fee. The SEC has authorized Wayne

4,830,000

shares for this issue. He plans to keep

1,130,000

shares for himself, hold back an additional

180,000

shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with

490,000

shares, and sell the remaining shares at

$16.48

a share. Given the bids at the auction (shown on the table here:

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), 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?

enter your response here

shares(Round to the nearest whole number.)

Bidder Quantity Bid Gotham Pension Fund 2,030,000 Clark Kent Investors 1,350,000 Central City Insurance 570,000 Arthur Curry 390,000 Barry Allen 320,000 Total 4,660,000