Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Roundtree had previously believed it would issue 2 ,

Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 499,000 shares (for a total of 2,599,000 shares), how
Roundtree will raise a total amount of $ million. (Round to one decimal place.)
Roundtree Software is going public using an auction IPO. The firm

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