A company has reviewed its historical sales and receivables and determined that on average, 52 percent of sales are collected in the month of sale, 44 percent are collected in the month following the month of sale, 3 percent are collected in the second month following the month of sale, and the remaining sales are never collected. Monthly sales for the next 6 months are projected at $5,800, $6,200, $7,400, $6,100, $5,900, and $5,500, respectively. How much will the firm collect in month 5?

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