An all-star goaltender is in contract negotiations. The team has offered the following salary structure: Time D Salary $ 8,500,000 1 3,900,000 4,600,000 5,300,000 4 5,800,000 6,400,000 5 7,300,000 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 $10 million signing bonus payable today and a contract value increase of $1,500,000. He also wants an equal salary paid every three months, with the first paycheque three months from now. If the interest rate is 5 percent compounded daily, what is the amount of his quarterly cheque? Assume 365 days in a year. (Enter the answer in dollars, not millions of dollars. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) 4 Quarterly check amount $ 2 3