Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $11,500,000 in cash. The book values and fair values of Premium Meats' assets and liabilities were:

	Book Value		Fair Value
Receivables	$	1,550,000	$	1,350,000
Property, plant, and equipment		8,250,000		9,650,000
Intangible assets		250,000		1,450,000
Liabilities		(2,200,000)		(2,200,000)
Net assets	$	7,850,000	$	10,250,000
	Calculate the amount Fresh Cut paid for goodwill. (Enter your answer in millions rounded to 2 decimal places.)