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

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares Price ($) 14.20 14.00 13.80 13.60 13.40 13.20 13.00 100,000 240,000 580,000 1,000,000 1,260,000 840,000 480,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 493,000 shares (for a total of 2,393,000 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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