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

Price ($)	Number of Shares
14.20	120,000
14.00	280,000
13.80	520,000
13.60	1,200,000
13.40	1,300,000
13.20	880,000
13.00	460,000

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 will it raise?

Question content area bottom

Part 1

Roundtree will raise a total amount of

$enter your response here

million.(Round to one decimal place.)