A company that uses a residual dividend policy has 4,000,000 shares outstanding. The company has declared an annual dividend of $5.10 per share while earnings per share were $14.25 for the period just ended. What amount is the company planning for total capital expenditures if it plans to borrow $2,000,000 in new debt?

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.