Moonlight Is Offering 1,100 Shares in a Dutch Auction IPO

Multiple Choice

Moonlight is offering 1,100 shares in a Dutch auction IPO. The following bids have been received:
$$\begin{array} { c c c } \text { Bidder } & \text { Ouantity } & \text { Price } \\\text { A } & 200 & \$ 18 \\\text { B } & 100 & 18 \\\text { C } & 400 & 17 \\\text { D } & 400 & 16 \\\text { E } & 200 & 16\end{array}$$
How much will Moonlight receive from this offering if the underwriter's fee is 6.5%?

A) $12,905.75
B) $13,440.60
C) $15,184.25
D) $16,456.00
E) $19,095.30