The Massive Chemical Corporation starts an annuity to pay for the huge government penalties they expect in 11 years when a pending case finally gets litigated.Their lead attorney informs them that they can expect a $4,000,000 fine. An investment house offers 11.5% interest on annuities of that size, compoundedsemiannually. What will the semiannual payment be on this annuity? Round to the nearest cent.