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

Price($) Number of Shares

14.40 180,000

14.20 240,000

14.00 520,000

13.80 1,150,000

13.60 1,280,000

13.40 860,000

13.20 480,000

Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 542,000 shares(for a total of 2,642,000 shares), how much total money will itraise?

Roundtree will raise a total amount of $ million.(Round to one decimalplace.)