Suppose you earn $111,000 per year working at your corporate job. You've come up with a very profitable day trading strategy that will beat the market by approximately 4.8% per year without incurring any additional risk. The strategy requires you to quit your job to trade. The typical holding period in your strategy is 10 trading days, so you'll have a daily portfolio turnover of 10%. Your strategy will incur round-trip transaction and tax costs of approximately 8 basis points. How large of a trading portfolio would you need to justify quiting your job and becoming a full-time day trader? Assume 250 trading days per year. Give your answer to the nearest dollar.