King, Incorporated, has debt outstanding with a face value of $$4$ million. The value of the firm if it were entirely financed by equity would be $$18\mathrm{.}05$ million. The company also has $400,000$ shares of stock outstanding that sell at a price of $$36$ per share. The corporate tax rate is $24$ percent. What is the decrease in the value of the company due to expected bankruptcy costs?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, e$.$g$.,1,234,567.$