A company currently has 1,000,000 shares outstanding that each sell for $80. Assume there are no tax effects or market imperfections. How many new shares will be distributed if the company has a 4% stock dividend?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50.