Suppose St. Mccluskey Beer Co. is going public and, based on the bookbuilding process, decides it will be issuing 750,000 shares of common stock to raise capital to fund the company's proposed expansion. Suppose a Dutch auction (an auction in which the auctioneer begins with a high asking price and lawers it until some bidder accepts the price) is used to allocate shares in the St. McCluskey Beer Co. IPO. The following table shows the number of shares requested by potential bidders. To sell the 750,000 shares, St. Meciuskey Beer Co.'s tro minimum offer price should be The toral amownt of funding rased wia be Given the tyoical 7 percent tranisaction cost ove to the issiing firm, the 180 would result in a transaction cost of