Boehm Corporation has had stable earnings growth of 2.64% a year for the past 10 years and in 2013 Boehm paid dividends of $970,000 on net income of $6,970,000. However, in 2014 earnings are expected to jump to $24,400,000, and Boehm plans to invest $5,230,000 in a plant expansion. This one-time unusual earnings growth won't be maintained, though, and after 2014 Boehm will return to its previous 2.64% earnings growth rate. Its target debt ratio is 22.0%. if it employs a regular-dividend-plus-extras policy, with the regular dividend being based on the long-run growth rate and the extra dividend being set according to the residual policy. How much will be the special or extra dividend (not the total dividend, specify just the special part)?

1. $5,105,696
2. $1,281,650
3. $10,854,600
4. $19,324,992
5. $4,998,082