it keeps telling me my answer is wrong. thanks!

4. IPO stock valuation Suppose Blume Corp. is going public and, based on the bookbuilding process, decides it will be issuing 750,000 shares of common stock to raise capital to fund the company's proposed expansion. Suppose a Dutch auction (an auction in which the auctioneer begins with a high asking price and lowers it until some bidder accepts the price) is used to allocate shares in the Blume Corp. IPO. The following table shows the number of shares requested by potential bidders. Bids Price per Share $60 Bidder 1 Bidder 2 $56 Bidder 3 Number of Shares Requested 50,000 100,000 150,000 200,000 250,000 300,000 $50 Bidder 4 $45 Bidder 5 $40 $38 Bidder 6 $40 To sell the 750,000 shares, Blume Corp's IPO minimum offer price should be The total amount of funding raised will be $30,000,000 $2,100,000 Given the typical 7 percent transaction cost due to the issuing firm, the IPO would result in a transaction cost of