Question 2B 6 points Steel City Motors wants to have an initial public offering their investment bank presents two options for the weed content offer of $11.600.000 or best efforts arrangement where the Westment bank receives 52 80 per share offered to the public Set City intends to sell 1,000,000 shares at a price of 15 of the share told the predetermined with an enthould Steel City choose Best efforts arrangement because it provides additional proceeds of $2433,600 Bestelforts arrangement because it provides additional proceeds of 32,116.000 Theed.commitment arrangement because it provides additional proceeds of 12,433,400 Best efforts arrangement because it provides additional proceeds of $1,847.000 Faxed-commitment arrangement because it provides additional proceeds of 51.840,000