Boehm Corporation has had stable earnings growth of 3.08% a year for the past 10 years and in 2013 Boehm paid dividends of $1,160,000 on net income of $5,160,000. However, in 2014 earnings are expected to jump to $12,900,000, and Boehm plans to invest $3,870,000 in a plant expansion. This one-time unusual earnings growth won't be maintained, though, and after 2014 Boehm will return to its previous 3.08% earnings growth rate. Its target debt ratio is 26.0%. How much will be its 2014 dividend if it grows relative to the 2013 dividend according to the past growth in earnings?

		$755,762
		$1,195,728
		$528,424
		$3,597,732
		$518,160