(Stock ropurchase and taxes) The Barryman Drilling Company is planning on repurchasing $1.03 million worth of the company's 480,000 shares of stock, which is currently trading at a price of $10.31 per share. Stan Barryman is the founder of the company and still holds 18,000 shares of company stock that he originally purchased for $7.92 per share. If Stan decides to sell 2,200 of his shares for $10.31 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.)