Boehm Corporation has had stable earnings growth of 8.41% a year for the past 10 years and in 2013 Boehm paid dividends of $839,200 on net income of $10,490,000. However, in 2014 earnings are expected to jump to $47,210,000, and Boehm plans to invest $7,870,000 in a plant expansion. This one-time unusual earnings growth wont be maintained, though, and after 2014 Boehm will return to its previous 8.41% earnings growth rate. Its target debt ratio is 66.0%. What will be its total 2014 dividend if it continues the 2013 dividend payout ratio?

		$5,398,000
		$2,295,000
		$1,915,200
		$3,776,800
		$6,060,800