14. A Tobin tax is a tax on spot conversion of one currency into another. An investor converts 12,000 US dollars into Euros on a foreign exchange market. If the exchange charges a 3% fee per transaction, and a 1.5% Tobin tax is charged on the value of the transaction after paying the fee, how many Euros will the investor have after the conversion? (1 US dollar = 0.75 Euros)