Northern Air would like to sell 5,500 shares of stock using Dutch auction underwriting. The bids received are: Bidder A B C D E Quantity 1,200 1,300 1,700 1,980 2,100 Price $29.75 29.40 29.25 28.90 28.70 How much will the company raise in its offer? Ignore all flotation and transaction costs. Multiple Choice $158,950 $161,700 $227685 $160,875 S163,625