Fletcher Corporation is debating whether to convert its all-equity capital structure to one that is 40% debt. Currently, there are 2193 shares outstanding selling at $68 per share. EBIT is expected to remain at $14085 per year forever. The interest rate on new debt is 7%, and there are no taxes. You currently hold 100 shares of Fletcher. What will be your annual cash flow under the proposed capital structure? Assume that Fletcher has a 100% dividend payout ratio. (Round answer to 2 decimal places. Do not round intermediate calculations)