The following information relates to two companies A and B:

company A earnings after tax 210 000 $, P/E 16

company B earnings after tax 900 000 $, P/E 21

Bs management estimate that if they were to acquire A they could save 100 000 $ annually after tax on administrative costs in running the new joint company. Additionally, they estimate that the P/E ratio of the new company would be 18. Corporate tax rate is 18%

On the basis of these estimates, what is the maximum that the shareholders of B should pay for the entire share capital of A?