Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Roundtree Software is going public using an auction IPO.

Roundtree Software is going public using an auction IPO. The firm has received the following bids:

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

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 Number of Shares 180,000 240,000 540.000 1,100,000 1,240,000 820,000 460,000 14.00 13.80 13.60 13.40 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 488,000 shares (for a total of 2,588,000 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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