You own $40$ convertible $3\%$ coupon bonds that you bought $6$ years ago for $$975$ per bond. The conversion price is $$200$ per share. The shares used to trade at $$145$ per share but today trade at $$300$ per share. You decide to convert! What is the value of your investment? Use the $ symbol and round to the nearest $$.$ Hint...should be a five digit number that ends in $000.$