Hominy, Inc., has debt outstanding with a face value of $$7$ million. The value of the firm if it were entirely financed by equity would be $$17\mathrm{.}9$ million. The company also has $370,000$ shares of stock outstanding that sell at a price of $$32$ per share. The corporate tax rate is $21$ percent. What is the decrease in the value of the company due to expected bankruptcy costs? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, e$.$g$.,1,234,567.)$