Question: Roundtree Software is going public using an auction IPO. The firm has received the followingbids: Price($) Number of Shares 14.00 100,000 13.80 200,000 13.60 500,000

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

Price($)

Number of Shares

14.00

100,000

13.80

200,000

13.60

500,000

13.40

1,000,000

13.20

1,200,000

13.00

800,000

12.80

400,000

Roundtree had previously believed it would issue 1,800,000 shares; however, if Roundtree decides to issue an extra 500,000 shares(for a total of 2,300,000 shares), how much total money will itraise?

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