ABC Inc. has the following data, and it follows the residual dividend model. Currently, it finances with $15\%$ debt. Some financial managers would like for the dividends to be increased. If ABC Inc. increased its debt ratio, by how much could the dividend be increased, holding other things constant, i$.$e$.,$ what is dividendNew $-$ dividendOld?

Answer just the dollar amount. Keep the $-$ sign if it is a negative number. Round to the nearest dollar.

Capital budget

$$4,500,000$

Net income $($NI$)$

$$5,000,000$

$\%$ Debt now

$15\%$

$\%$ Debt after change

$68\%$