3. Netherlands Co. is doing an IPO (initial public offering) for 5,000,000 shares. The company has decided to use a Dutch auction underwriting, with proportional allocation if the offering is oversubscribed. For each of the following scenarios, indicate the number of shares each buyer will receive, the price to be paid by each buyer and the total amount to be paid by each buyer. a. Buyer 1 Buyer 2 Buyer 3 Buyer 4 Quantity offered by buyers: 1,200,000 2,200.000 2,000,000 1,600,000 Price offered by buyers $17 $19 $16 $18 Quantity received by buyer Price paid by buyer Total amount to be paid by buyer b. Quantity offered by buyers: Price offered by buyers Buyer 1 1,500,000 $20 Buyer 2 2,500,000 $22 Buyer 3 2,100,000 $23 Buyer 4 1,800,000 $22 Quantity received by buyer Price paid by buyer Total amount to be paid by buyer c. Quantity offered by buyers: Price offered by buyers Buyer 1 2,800,000 $19 Buyer 2 2,300,000 $16 Buyer 3 2,100,000 $15 Buyer 4 3,600,000 $18 Quantity received by buyer Price paid by buyer Total amount to be paid by buyer