Suppose that the risk-free rate is 2 percent and the expected return on the market portfolio is 7 percent. The standard deviation of the market portfolio is 16 percent. An investor with $10,000 to invest wants to achieve a 22 percent standard deviation on a portfolio combining the risk-free asset and the market portfolio. Calculate how much this investor would need to borrow at the risk-free rate in order to establish this target expected return. Express your answer to the nearest dollar. Note that I have provided the dollar sign; therefore, DO NOT type in a dollar sign. $