A small metal plating company wants to become involved in electronic commerce. A modest e-commerce package is available for $35,000. Semi-annual updates and site maintenance will cost $800. The salvage value of the package is estimated to be $5,000 after 3 years. If the company wants to recover its total cost in 3 years, what is the equivalent uniform semi-annual amount of new income that must be realized at an interest rate of 4% per 6 -month period