Suppose Triptych Food Corp. 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 companys proposed expansion. Suppose a Dutch auction (an auction in which the auctioneer begins with a high asking price and lowers it until some bidder accepts the price) is used to allocate shares in the Triptych Food Corp. IPO. The following table shows the number of shares requested by potential bidders.

Bids	Number of Shares Requested	Price per Share
Bidder 1	50,000	$60
Bidder 2	100,000	$58
Bidder 3	150,000	$51
Bidder 4	200,000	$48
Bidder 5	250,000	$42
Bidder 6	300,000	$35

To sell the 750,000 shares, Triptych Food Corp.s IPO minimum offer price should be ______ .

The total amount of funding raised will be _______

Given the typical 7 percent transaction cost due to the issuing firm, the IPO would result in a transaction cost of __________