A companys contribution format income statement for last month is given below:

Sales (47,000 units $23 per unit)	$	1,081,000
Variable expenses		756,700
Contribution margin		324,300
Fixed expenses		259,440
Net operating income	$	64,860

The company considers renovating its operations by purchasing a new machine that would reduce variable expenses by $6.90 per unit. However, fixed expenses would increase to a total of $583,740 each month. Using the new machine would not cause a change in monthly sales quantity or price per unit. What would the company's margin of safety in dollars be if it purchases and uses the new machine?