Question: Please give exact answer! Roundtree Software is going public using an auction IPO. The rm has received the following bids: Price (3) Number of Shares

Please give exact answer!

Roundtree Software is going public using an auction IPO. The rm has received the following bids: Price (3) Number of Shares 14.40 120,000 14.20 240,000 14.00 560,000 13.80 1,200,000 13.60 1,280,000 13.40 860,000 13.20 440,000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 493,000 shares (for a total of 2,593,000 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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