MM with no taxes - PG&C, Inc. a consumer products firm, is debating whether or not to convert its all-equity capital structure to one that is 40 percent debt. Currently, there are 500 shares outstanding and the price per share is $65. EBIT is expected to remain at $3000 per year forever. The interest rate on new debt is 7 percent, and there are no taxes. Ms. Johnson, a shareholder of the firm, owns 100 shares of stock. What is her cash flow under the current capital structure, assuming the firm has a dividend payout rate of 100 percent?