A loan of $100,000 is to be amortized with equal quarterly payments over a period of 6 years at j₄ = 10%. The outstanding balance of the loan after 4 years is $40,090.26. At this time, the company makes an additional lump sum payment of $5000 and refinances the loan at new loan rate j₄ = 8%, without penalty. What is the new quarterly payment, assuming the loan is still paid back in full after 6 years?