Firm A is analyzing the possible acquisition of Firm B. Neither firm has debt. The forecasts of Firm A show that the purchase would increase its annual after tax cash flow by $475,000 indefinitely. The current market value of Firm B is $9,800,000. The current market value of Firm A is $24,050,000. The appropriate discount rate for the incremental cash flows is 6%. is trying to decide whether it should offer 36% of its stock or $11,200,000 in cash for Firm B. Calculate the cash cost for the acquisition.