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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares Price ($) 14.00 13.80 13.60 13.40

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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares Price ($) 14.00 13.80 13.60 13.40 100,000 200,000 500,000 1,000,000 1,200,000 800,000 400,000 13.20 13.00 12.80 Roundtree had previously believed it would issue 1,800,000 shares; however, if Roundtree decides to issue an extra 500,000 shares (for a total of 2,300,000 shares), Roundtree will raise a total amount of $ million. (Round to one decimal place.)

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