Fletcher Corporation is debating whether to convert its all-equity capital structure to one that is 40% debt. Currently, there are 1967 shares outstanding selling at $72 per share. EBIT is expected to remain at $14195 per year forever. The interest rate on new debt is 6%, and there are no taxes.

You currently hold 100 shares of Fletcher. What will be your annual cash flow under the proposed capital structure? Assume that Fletcher has a 100% dividend payout ratio.Answer 914.76 please show all work