The company’s annual sales are $5.6 million, its gross profit is $1.5 million, and its purchases are $0.7 million. The company’s credit sales are 81% of its total sales, where all customers pay within 30 days, and the remainder of the sales are paid for in cash. Payments to suppliers average 24 days, and the company’s inventory is turned over every 2 months. Assume a 365-day year with 30 days per month.

If the cost of capital for the business is 9%, calculate the cost of financing the investment in the company’s operational resources. Give your answer in dollars, rounded to the nearest whole number.