Sarah LTD maintains a capital structure with 35% common equity. this equity is funded using retained earnings when retained earnings is used up they will have to issue new shares. The new shares would be issued a price of $25.00, would carry a dividend of $1 annually and grow at a rate of 5%. Issuing costs would be 6% of the price. If total common equity now is $2,000,000 at what amount of total capital would they need to issue new shares.