A small manufacturer that makes clothespins and other household products buys new injection moulding equipment for a cost of $500,000. This will allow the manufacturer to make more clothespins in the same amount of time with an estimated increase in sales of 25%. If the manufacturer currently makes 58 tons of clothespins per year, which sell at $23,729 ton, what will be the increase in revenue next year, in dollars, from the new equipment? Round to the nearest dollar. i.e. 1,000,000