Roosevelt Corporation acquires 55% of DePaul Company for $40,000,000 on January 1, Year 6. At the time of acquisition, DePaul has total net assets with Fair value of $25,000,000. For the years ended Dec. 31st, Year and Dec. 31st Year 7, DePaul reports net income (loss) and pays dividends as shown here:

Year 6:

Net income (loss) $1,500,000

Dividends paid: $1,200,050

Year 7

Net income (loss): $(500,000)

Dividends paid: $ 950,100

Compute the value of Roosevelt Corporation’s investment in DePaul Company as of Dec 31, Year 7 under the equity method