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The market portfolio has an expected return of 9.4% with a volatility of 19.8% while the T-bills earn 3.4%. Your degree of risk aversion is

The market portfolio has an expected return of 9.4% with a volatility of 19.8% while the T-bills earn 3.4%. Your degree of risk aversion is 3.2. You have $50,000 to invest. How much (in $, NOT in %) will you invest in the market portfolio?

{Enter your answer in dollars with 2 decimals, but do not use the "$".}

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