David purchased a $100,000 participating whole life policy. The annual premium is $3,250. Projected dividends for the first 20 years are a total of $16,789. The cash value after 20 years will be $50,620. If the premiums were invested at 5% interest for 20 years, the premiums would grow to $99,156. If the dividends were accumulated at 5% interest for 20 years, they would grow to $26,400. The amount to which $1 deposited annually will accumulate in 20 years at 5% interest is $34.719. Based on this information, what is the traditional net cost per year of David's policy over the 20-year period? Do NOT adjust to per $1,000 of insurance. Round to the nearest dollar and include the dollar sign and commas in your answer.