The treasurer of Kelly Bottling Company $($a corporation$)$ currently has $$300,000$ invested in preferred stock yielding $6$ percent. He appreciates the tax advantages of preferred stock and is considering buying $$300,000$ more with borrowed funds. The cost of the borrowed funds is $10$ percent. He suggests this proposal to his board of directors. They are somewhat concerned by the fact that the treasurer will be paying $4$ percent more for funds than the company will be earning on the investment. Kelly Bottling is in a $34$ percent tax bracket, with dividends taxed at $15$ percent.

Compute the amount of the aftertax income from the additional preferred stock if it is purchased.

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.