St. David's buys $700,000 of a particular item (at gross prices) from its major supplier, Cardinal Health, which offers St. David's terms of 2/10, net 45. Currently, the hospital is paying the supplier the full amount due on Day 45, but it is considering taking the discount, paying on Day 10 and replacing the trade credit with a bank loan that has a 12 percent rate. Assume 360 days per year. What is the amount of free trade credit that the organization obtains from Cardinal Health?