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

Price ($)	Number of Shares
15.00	160,000
14.80	280,000
14.60	500,000
14.40	1,100,000
14.20	1,250,000
14.00	800,000
	13.80460,000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 480,000 shares (for a total of 2,480,000 shares), how much total money will it raise? Roundtree will raise a total amount of $___________million.(Round to one decimal place.)

Question: 1 pt 6 or 6 This Quiz: 6 pts Indtree Sonware is gong pupic using an auction IFU. Ihe trm has receved the toinwing bids: Number of Shares Price (5) 15.00 14.80 14.60 14.40 14 20 160,000 00 1,100 000 ,250 000 800,000 460,000 14.00 13.80 Roundtree had previously teiered t wold is sue 2000,00 shares, howewer, #Roundree decides to insue an extra 490,000 shares Ifor a total of 2,20,000 share how much total roney wll it raise? Roundree wil raice a total amount ofmition Round to one decimal place) Enter your aryswer in the arvswer box Save tor LMe