It is the morning of January 2. ATR Co has agreed to purchase 100% of 20 million outstanding shares of XAY Inc for a combination of $8.9 in cash and three of its own shares for every XAY share. Immediately after the announcement, the XAY stock is trading at $36.9 per share, while the ATR stock is trading at $10.5 per share. The deal will close on July 2 - which is six months later. You have put together a merger arbitrage strategy where you purchase 8,290 XAY's shares at the current price, hedging out the ATR stock price risk, and hold them till the deal is closed using maximum buying power. Assume that the ATR stock is trading at $7.8 when the deal closes. Your account's beginning equity is $300,000. Margin requirements are 50% on both sides. Ignore any interest, trading commissions, and borrow fees. How much total cash balance will you have in your account on January 2 after putting on all the trades? Consider all cash balance regardless of the purpose.