1. Zeron Ltd is going public using an auction IPO. The firm received the following bids

   Price	Number of shares
   14.80	160,000
   14.60	260,000
   14.40	500,000
   14.20	1,000,000
   14.00	1,200,000
   13.80	880,000
   13.60	420,000

   Assuming Zeron Ltd would like to sell 1.82 million shares in its IPO, what will be wining auction offer price be?

   	A.	$14.20
   	B.	$14.00
   	C.	$13.80
   	D.	$13.60