Please adhere exactly to the rounding instructions, or the answer will be incorrect. thank you, definite thumbs up for answers!!

01 Question 2 1 pts 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 $74 per share, EBIT is expected to remain at $13968 per year forever. The interest rate on new debt is 5%, and there are no taxes. You currently hold 100 shares of Fletcher. What is your annual cash flow under the current (i.e., all-equity) capital structure? Assume that Fletcher has a 100% dividend payout ratio.(Round answer to 2 decimal places. Do not round intermediate calculations) Topic: Capital Structure Irrelevancy Principle