A company that has 18,000,000 shares outstanding and debt outstanding is considering changing to an all-equity capital structure, which would result in 22,500,000 shares outstanding. The interest rate on the company's debt is 4%. If the break-even EBIT is $900,000, what must be the company's amount of debt outstanding? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response