An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time Salary 0 $ 7,000,000 1 5,600,000 2 6,100,000 3 6,600,000 4 8,000,000 5 8,700,000 6 9,500,000 All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate the terms. He wants a signing bonus of $10.5 million 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 an APR of 6 percent compounded daily, what is the amount of his quarterly check? Assume 365 days in a year