Question: can you please do it the correct answer shows on the photo but i have no idea how to do it An auction IPO will

can you please do it the correct answer shows on the photo but i have no idea how to do it can you please do it the correct answer shows on the photo

An auction IPO will sell 5,000,000 shares of a company. A summary of the bids in the auction is provided in the table below. Determine the amount of funds raised during the IPO. Price per Share 5.25 Number of Shares 500,000 900,000 1,100,000 1,600,000 1,500,000 1,400,000 1,100,000 800,000 4.50 4.25 4.00 3.50 O 25,925,000 Correct Answer O 21,250,000 O 20,000,000 You Answered O 23,375,000 O 22,500,000

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