Suppose that the Federal Reserve creates $100 million of new money and the banks lend 85% of all new money they receive. However, suppose that out of each loan, only 80% is redeposited into the banking system. Thus, whereas the first set of loans totals (.85)(100) million dollars, the second set is only 85% of (.80)(.85)(100), or (.80)(.85)²(100) million, and the next set is 85% of (.80)²(.85)²(100), or (.80)²(.85)³(100) million dollars, and so on. Compute the total theoretical amount that may be loaned in this situation.