Not long ago, Jack Edwards bought 300 shares of Almost Anything Inc. at $41.86 per share; he bought the stock on margin of 62%. The stock is now trading at $61.07 per share, and the Federal Reserve has recently lowered initial margin requirements to 54%. Jack now wants to do a little pyramiding and buy another 400 shares of the stock. What is the minimum amount of equity that he'll have to put up in this transaction?