Air conditioning for a college dormitory will cost $$2\mathrm{.}6$ million to install and $$145,000$ per year to operate at current prices. The system should last $14$ years. The real cost of capital is $6\%,$ and the college pays no taxes. What is the equivalent annual cost?

Note: Enter your answer in dollars not in millions and round your answer to $2$ decimal places.

Equivalent annual cost