Wuttke Corp. wants to raise $4.8 million via a rights offering. The company currently has 580,000 shares of common stock outstanding that sell for $85 per share. Its underwriter has set a subscription price of $40 per share and will charge the company a spread of 6 percent.

If you currently own 2,500 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights?