A $500,000 corporate loan is supposed to be repaid over 10 years in the amount of $15,227.80 at the end of each quarter, compounded quarterly at an interest rate of 4% per year. However, after five years, the company refinanced the loan at 2% per annum, compounded quarterly, for another ten years and added a refinancing fee of $500 to the amount of the refinanced loan. Determine the new quarterly payment amount for the refinanced loan and round your answer to the nearest cent.