An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time Salary $7,000,000 0 1 $5,600,000 2 $6,100,000 $6,600,000 $8,000,000 $8,700,000 $9,500,000 All salaries are to be paid in lump sums. The player has asked you as his agent to renegotiate the terms. He wants a $10.5 million signing bonus payable today and a contract value increase of $2,500,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the interest rate is 6 percent compounded daily, what is the amount of his quarterly check? Assume 365 days in a year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quarterly check amount DI23456