Casa del Cuero imports fashion clothes from Juanita Lopez Inc., a reliable and longtime supplier, based in Mexico City. Payment is in Mexican pesos. When the peso lost its parity with the U$.$S$.$ dollar in January $2012,$ it collapsed in value to Ps$10\mathrm{.}5=$$$1\mathrm{.}00$ by October $2012.$ The outlook was for a further decline in the peso's value. Since both Casa del Cuero and Juanita Lopez wanted to continue their longtime relationship, they agreed on a risk$-$sharing arrangement. As long as the spot rate on the date of an invoice is between P$512\mathrm{.}1=$$$1\mathrm{.}00$ and $Ps14\mathrm{.}0=$$$1\mathrm{.}00,$ Casa del Cuero will pay based on the spot rate. If the exchange rate falls outside this range, Casa del Cuero will share the difference equally with Juanita Lopez. The risksharing agreement will last for six months, at which time the exchange rate limits will be reevaluated. Casa del Cuero contracts to import fashionable clothes from Juanita Lopez for Ps$26,000,000$ during the next twelve months.

If the exchange rate changes immediately to Ps $19\mathrm{.}9=$$$1\mathrm{.}00,$ what will be the dollar cost of twelve months of imports to Casa del Cuero?

For your answer, round to the neareast $$0\mathrm{.}01$; do not enter the $ symbol; do not use commas to separate thousands.

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