Sophie Chan owns 200,000 shares of PAT Company. PAT is selling for $40 per share, so her investment is worth $4,000,000. Chan reinvests the gross amount of all dividends received to purchase additional shares. Assume that the clientele for PAT shares consists of tax-exempt investors. If PAT pays a $3.25 dividend, Chans new share ownership after reinvesting dividends at the ex-dividend price would be closest to: