Stencil, Inc., wishes to expand its facilities. The company currently has $10$ million shares outstanding and no debt. The stock sells for $$20$ per share, but the book value per share is $$6.$ Net income is currently $$2\mathrm{.}7$ million. The new facility will cost $$28$ million, and it will increase net income by $$340,000.$ Assume a constant price$-$earnings ratio.

What would the new net income for the company have to be for the stock price to remain unchanged? $($Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e$.$g$.,1,234,567.)$