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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 180,000 14.80 280,000

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

Price ($)

Number of Shares

15.00

180,000

14.80

280,000

14.60

520,000

14.40

1,150,000

14.20

1,250,000

14.00

820,000

13.80

460,000

Roundtree had previously believed it would issue

2,100,000

shares; however, if Roundtree decides to issue an extra

482,000

shares (for a total of

2,582,000

shares), how much total money will it raise?

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