Safeco Inc. has no debt, and maintains a policy of holding $10 million in excess cash reserves, invested in risk-free Treasury securities. If Safeco pays a corporate tax rate of 21%, what is the cost of permanently maintaining this $10 million reserve? (Hint: What is the present value of the additional taxes that Safeco will pay?) The cost of permanently maintaining this reserve is $ million. (Round to two decimal places. Enter the expenses as a negative number.)