The Federal Reserve Is Offering Treasury Bills with a Par

The Federal Reserve is offering Treasury bills with a par value of $40 billion for sale.They have received $18 billion of noncompetitive bids.The competitive bids for a $10,000 par value bond are: How much money will the Federal Reserve raise from this offering?

A) $39.05 billion
B) $39.10 billion
C) $39.20 billion
D) $39.30 billion
E) $39.50 billion