Spike Equino is the CEO of a private medical equipment company that is proposing to sell $118,000$ shares of its stock in an open auction. Suppose the company receives the bids in the following table.

Shares Price

$23,600$ $ $98$

$11,90096$

$16,90091$

$28,60088$

$11,90087$

$9,90085$

$17,20084$

$16,80083$

$31,80079$

What will be the company$$s total receipts from the sale if the auction is a discriminatory auction?

What if it is a uniform price auction?