Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares Price ($) 14.60 14.40 14.20 14.00

 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: Number of Shares Price ($) 14.60 14.40 14.20 14.00 100,000 240,000 580,000 1,200,000 1,300,000 840,000 400,000 13.80 13.60 13.40 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 484,000 shares (for a total of 2,584,000 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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