The Board of Directors of the company Evighetsmaskinen AB has submitted the following proposal for the distribution of profits at the Annual General Meeting:

Available: -Balanced profits SEK 1,040,000 - Profit for the year SEK 460,000

The Board of Directors proposes that the profits be used so that: Provision for the reserve fund takes place according to Articles of Association SEK 50,000 - Dividend to shareholders is SEK 100,000 - The remainder is balanced in a new account.

A shareholder who owns 25% of the company's shares demands that a dividend of SEK 205,000 be paid. Other shareholders think that the Board's proposal is good. Total equity amounts to SEK 3,500,000 (of which 1,800 is share capital, SEK 200,000 reserve fund, and SEK 1,500,000 unrestricted equity).

What is the lowest dividend the AGM can decide on?