Johnson Industries is in the process of raising new funds via a Dutch auction. They would like to sell 450 shares to the public. Johnson Industries has received the following five bids:

Bidder	Quantity	Price
A	100	$13.50
B	200	$15.50
C	100	$16.50
D	200	$14.50
E	50	$12.50

1. What would be the offering price of the new shares if the company is to achieve its goal of selling 400 shares? (2 marks)
2. How much money will Johnson Industries be able to raise through the Dutch auction? (2 marks)
3. How many shares will bidders A, B, C, D, and E receive? (5 marks)