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L purchased 10,000 units of a mutual fund in the current year for $120,000. He received a T3 from the fund showing the following distributions for the current year which were reinvested in the fund:

Actual amount of eligible dividends: $6,000

Taxable amount of eligible dividends: $8,280

Capital gains: $4,000

Other investment income: $2,000

What is the adjusted cost base of Ls investment in the mutual fund at the end of the current year?