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

Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extra 547,000 shares (for a total of 2,547,000 shares), how much total money will it raise?

Price () Number of Shares 14.40 14.20 14.00 13.80 13.60 13.40 13.20 100,000 240,000 500,000 1,150,000 1,300,000 800,000 400,000