Not longago, Jack Edwards bought 350 shares of Almost Anything Inc. at $41.78 pershare; he bought the stock on margin of 65%. The stock is now trading at $61.86 pershare, and the Federal Reserve has recently lowered initial margin requirements to 50%. Jack now wants to do little pyramiding and buy another 350 shares of the stock. What is the minimum amount of equity thathe'll have to put up in thistransaction?