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Mark Moore's Consulting and Crawfish Shack (MMCCS) is going public by issuing 500,000 shares of common stock. The capital raised in the IPO will be

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Mark Moore's Consulting and Crawfish Shack (MMCCS) is going public by issuing 500,000 shares of common stock. The capital raised in the IPO will be used to fund the company's proposed expansion throughout the United States and into the Cayman Islands. A Dutch auction is being used to allocate shares in the MMCCS IPO. The bids are shown below: Compute MMCCS's IPO offer price. a. $20.00 b. $18.00 c. $16.00 d. $24.00

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