Thank you, Mr. Chair, and thanks to the witnesses for coming.
I just want to clarify. Mr. MacKay, you made a comment in your presentation when you were talking about the $1.25 million that you want to see changed. You talked about an opportunity to bring in millions of dollars at no cost to taxpayers and consumers—I think that was the wording you used when you referred to that. Am I correct in understanding that if the rules were to change, it would result in a cost to a radio station of about $60,000? Is that about accurate in terms of the royalties they would pay more for?