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

Price ($)	Number of Shares
14.40	180,000
14.20	200,000
14.00	540,000
13.80	1,150,000
13.60	1,250,000
13.40	880,000
13.20	480,000

Roundtree had previously believed it would issue

2,100,000

shares; however, if Roundtree decides to issue an extra

488,000

shares (for a total of

2,588,000

shares), how much total money will it raise?

Roundtree will raise a total amount of

$enter your response here

million.