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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) 14.80 14.60 14.40 14.20 14.00 13.80 13.60

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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) 14.80 14.60 14.40 14.20 14.00 13.80 13.60 Number of Shares 180.000 200,000 540,000 1,100,000 1,250,000 840,000 400.000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 500,000 shares (for a total of 2.500,000 shares), how much total money will it raise? Roundtree will raise a total amount of million. (Round to one decimal place.)

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