A firm has an excess cash flow of $4.8m. It had 3m shares outstanding and was considering paying a cash dividend, corresponding to a 40% payout. The stock traded in the market at $88.00 per share. Assume that the average investor holds 161 shares of the company's stock. Note: The term "K" is used to represent thousands (* $1,000). Required: What would be the average portfolio value after a re-purchase scenario? $ k Do not round intermediate calculations. Input your answer in thousands ($k) rounded to 3 decimal places (for example: 28.31k)