An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: 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 million signing bonus payable today and a contract value increase of $2,000,000. He also wants an equal salary paid every three months. with the first pay cheque three months from now. If the interest rate is 5.5% compounded daily, whot is the amount of his quarterly cheque? Assume 365 days in a year. (Enter your answer in dollars, not millions of dollars, i.e, 1,234,567. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Quarterly cheque amount