Southaven Inc. is offering 1,000 shares in a Dutch auction IPO. The following bids have been received: Bidder Price Quantity 300 200 500 DOW 400 How much will the firm receive from this offering if the underwriter's fee is 7.5 percent? $27,484.50 $31,095.30 $22,385.00 $19,440.60 $17,905.75 Southaven Inc. is offering 1,000 shares in a Dutch auction IPO. The following bids have been received: Bidder Price Quantity 300 200 500 DOW 400 How much will the firm receive from this offering if the underwriter's fee is 7.5 percent? $27,484.50 $31,095.30 $22,385.00 $19,440.60 $17,905.75