WAC Inc. is going public and issuing 500,000 shares of common stock. The capital raised in the IPO will fund the company's proposed expansion. A Dutch auction is used to allocate shares in the WAC IPO. The following table shows the number of shares requested by potential investors in each row. Bids Bidder # 1 Bidder #2 Bidder # 3 Bidder #4 Bidder # 5 Bidder # 6 Number of Shares Price per Requested Share 50,000 $65 100,000 $63 150,000 $61 200,000 $59 250,000 $57 300,000 $55 What should be the firm's IPO offer price? 0 000 $56 $61 $59 $54