Roundtree Software is going public using an auction IPO The firm has received the following bids Price ($) Number of Shares 15 00 120,000 14 80 240,000 14 60 520,000 14 40 1,100,000 14 20 1,250,000 14 00 860,000 13 80 460,000 Roundtree had previously believed it would issue 2,000,000 shares however, if Roundtree decides to issue an extra 494,000 shares (for a total of 2,494,000 shares), how much total money will it raise (Round to one decimal place)

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Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 120,000 14.80 240,000

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

Price ($)	Number of Shares
15.00	120,000
14.80	240,000
14.60	520,000
14.40	1,100,000
14.20	1,250,000
14.00	860,000
13.80	460,000

Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 494,000 shares (for a total of 2,494,000 shares), how much total money will it raise? (Round to one decimal place)

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