Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.40 120,000 14.20 220,000

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.40 120,000 14.20 220,000 540,000 14.00 1,000,000 13.80 13.60 1,300,000 13.40 860,000 13.20 400,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 456,000 shares (for a total of 2,356,000 shares), how much total money will it raise? total amount of Smillion. (Round to one decimal place.) Roundtree will raise
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