Johns Tractor Co has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share. Retained earnings are $76,500 and the capital in excess of par is $340,000. Johns Tractor Co told shareholders that the board will be conducting a 1-for-5 reverse stock split.

By what dollar amount will the market value exceed the par value per share after the reverse split is conducted?