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(Stock repurchase and taxes) The Barryman Drilling Company is planning on repurchasing $ 1.06 million worth of the company's 460,000 shares of stock, which is

(Stock repurchase and taxes)The Barryman Drilling Company is planning on repurchasing $1.06 million worth of the company's 460,000 shares of stock, which is currently trading at a price of $10.62 per share. Stan Barryman is the founder of the company and still holds 19,000 shares of company stock that he originally purchased for $7.97 per share. If Stan decides to sell 2,100 of his shares for $10.62 a share, what will be his after-tax proceeds where capital gains are taxed at 15 percent?

Stan's after-tax proceeds from the sale are $ ( ) . (Round to the nearest dollar.)

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