Belford Corp. wants to raise $$4\mathrm{.}0$ million via a rights offering. The company currently has $500,000$ shares of common stock

outstanding that sell for $$36$ per share. Its underwriter has set a subscription price of $$25$ per share and will charge the company a

spread of $4\%.$

If you currently own $4,000$ shares of stock in the company and decide not to participate in the rights offering, how much money can

you get by selling your rights? $($Enter your answer in dollars, not in millions. Do not round intermediate calculations. Round the final

answer to the nearest whole number. Omit $ sign in your response.$)$

Proceeds from selling rights

$