A company has had record profits and decided to use some of the profits to pay for manufacturing improvements. If the company can invest $1,900,000.00 in an a annuity will that will make payments at the beginning of every six months for 6 years. If the annuity pays 4.9%, compounded semi-annual. What is the size of payments that the company can expect?

The payment amount will be $. (Round to 2 decimal places.)