Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.80 14.60 14.40 Number of Shares 100,000

 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 ($) 14.80 14.60 14.40 Number of Shares 100,000 280,000 540,000 1,200,000 1,250,000 820,000 480,000 14.20 14.00 13.80 13.60 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 507,000 shares (for a total of 2,607,000 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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