Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00

 Roundtree Software is going public using an auction IPO. The firm

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00 Number of Shares 120,000 200,000 580,000 1,150,000 1,240,000 800,000 400,000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 534,000 shares (for a total of 2,634,000 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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