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 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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