Total shares to be issued: 6,200,000 million \begin{tabular}{|l|r|l|} \hline Bidder & Shares Requested & Price \\ \hline A & 780,000 & $37.85 \\ \hline B & 1,200,000 & $38.30 \\ \hline C & 1,535,000 & $37.15 \\ \hline D & 2,625,000 & $37.90 \\ \hline E & 130,000 & $38.80 \\ \hline F & 1,900,000 & $38.00 \\ \hline G & 2,400,000 & $38.25 \\ \hline H & 750,000 & $38.15 \\ \hline I & 1,500,000 & $38.40 \\ \hline J & 1,850,000 & $38.65 \\ \hline K & 850,000 & $38.45 \\ \hline \end{tabular} Your firm has chosen to raise capital via an Intial Public Offering. There was discussion amongat the possible types of IPO, but the firm eventually settled on a Dutch Auction format. The underwating syndicate has collected bids that are ahown in the tab "Data for Question 2." Based on the received bids, determine how many shares each bidder will be granted and the total cort of the shares. What are the total proceeds received by the firm if the srndicate requires a 4% fee for their services