Friendly Environment is in the process of selling its shares in an auction IPO. At the end of the bidding period, the following bids are received. What are the total proceeds from the IPO if Friendly Environment is selling 820,000 shares?

Price ($)	Number of Shares Bid
$19.70	50,000
$19.25	25,000
$19.10	25,000
$19.00	100,000
$18.75	125,000
$18.50	75,000
$18.25	150,000
$18.00	240,000
$17.75	80,000
$17.40	125,000
$17.15	150,000
$16.95	100,000
$16.80	60,000