Below is a summary of the total funds needed to complete a takeover of Sparkle, Inc.: Purchase target equity: $2000 Repay existing target debt: $500 Transaction fees: $40 Based on the negotiated terms of the deal, Sparkles shareholders will receive 75% cash and 25% equity for their shares. If the bidder borrows $1750 to help fund the transaction, how much cash on hand will the bidder need to complete this transaction?