Saskatoon Smelting is a corporation that earned $4 per share before it paid any taxes. The firm retained $2 of after-tax earnings for reinvestment, and distributed what remained in dividend payments. If the corporate tax rate was 25% and dividend earnings were taxed at 15%, what was the value of the dividend earnings received after tax by a holder of 10,000 shares of Saskatoon Smelting?

$10,000

O $20,000

$17,000

O $7,500

O $8,500