Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 100 comma 000

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

Price ($)

Number of Shares

14.00

100 comma 000

13.80

260 comma 000

13.60

500 comma 000

13.40

1 comma 200 comma 000

13.20

1 comma 260 comma 000

13.00

860 comma 000

12.80

440 comma 000

Roundtree had previously believed it would issue

2 comma 100 comma 000

shares; however, if Roundtree decides to issue an extra

481 comma 000

shares (for a total of

2 comma 581 comma 000

shares), how much total money will it raise?

Roundtree will raise a total amount of

$nothing

million.(Round to one decimal place.)

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