Question: Hey could someone help solve this problem and show the work so i can learn how its done for tbe future! Roundtree Software is going

Hey could someone help solve this problem and show the work so i can learn how its done for tbe future!

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 470,000 shares (for a total of 2,470,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ million. (Round to one decimal place)

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