You are the lead broker for the syndicate that will be issuing $45,000,000 in a new equity issue for the Rocket Science Corporation. The issue will be a firm commitment offering and the entire issue was purchased for a discounted price. The new equity issue will be sold using a Dutch auction. Calculate the selling price and the number of shares each successful bidder will receive. Show your work!

Inverstor	Shares	Bid Price
1	30000	95
2	50000	96.25
3	75000	94.5
4	100000	100
5	100000	96.5
6	150000	100
7	150000	97.25
8	200000	98