Suppose a firm wants to sell shares to new investors in an IPO process using the dutch auction method. The firm asks an investment bank to get investor bids to sell a total of 950,000 shares. The bids received are provided in the table below. Bids Bidder #1 Bidder #2 Bidder #3 Bidder #4 Bidder #5 Bidder #6 # of Shares 50,000 100,000 150,000 200,000 250,000 300,000 Share Price $57 $55 $53 $51 $49 $47 At what price, all shares will be allotted in the IPO process? Enter your answer in the following format: $12