As part of the acquisition agreement. Parma Corporation agrees to pay the former shareholders of Stow Company $2 in cash for every dollar of gross revenues above $30.000,000 reported by Stow at the end of the first year following acquisition. Parma projects the following outcomes for the year; Using a 15 percent discount rate what is the appropriate value to be reported as an earrings contingency liability on Parma's books at the data of acquisition? Round your answer to the nearest whole number