Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (S 14.00 13.80 13.60 13.40 13.20 13.00 12.80

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (S 14.00 13.80 13.60 13.40 13.20 13.00 12.80 Number of Shares 120,000 220,000 560,000 1,000,000 1,280,000 800,000 460,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 549,000 shares (for a total of 2,449,000 shares), how much total money will it raise? Roundtree will raise a total amount of s million. (Round to one decimal place)
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