Question of Mothers will save the Question 2 points Smelly Motors wants to have an initial public offering. Their investment bank presents two options for the initiallo feed commitment offer of 54.800,000, or a best efforts arrangement where the investment bank reches $2.00 per share offered to the public Steel Cily intends to sell 1.000.000 shares at a price of 57. WSON of the shares are sold at the predetermined price which arrangement should Steel Gly choose? Best efforts arrangement because it provides additional proceeds of $226,843 Best efforts arrangement because it provides additional proceeds of $300,000 and commitment arrangement because it provides additional proceeds of $300,000 Rund commitment arrangement because it provides additional proceeds of $260,870 Best efforts arrangement because it provides additional proceeds of $260,870 Question 28 Moving to another question will save this response. Close