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

 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 ($) Number of Shares 14.00 13.80 13.60 13.40 160,000 240,000 580,000 1,100,000 1,280,000 860,000 440,000 13.20 13.00 12.80 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 472,000 shares (for a total of 2,572,000 shares), how much total money it e? Roundtree will raise a total amount of $ million. (Round to one decimal place.)

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