Luther Industries is in the process of selling shares of stock in an auction IPO. At the end of the bidding period, Luther's investment bank has received the following bids: Price ($) $19.50 $19.25 $19.10 $19.00 $18.75 $18.50 $18.25 $18.00 $17.75 $17.60 $17.35 $17.15 $16.90 $16.75 $16.50 $16.25 Number of Shares Bid 50,000 25,000 25,000 100,000 125,000 75,000 150,000 240,000 80,000 125,000 150,000 100,000 60,000 80,000 75,000 200,000 What are the proceeds from the IPO if Luther sells 325,000 shares? $325,000 $6.0 million $5.4 million $6.09 million