Assume that a trader wishes to set up a hedge such that he sells $100,000 of a Treasury bond and buys Treasury TIPS as a hedge. Using a historical yield regression framework, assume the DV01 on the T-bond is 0.072, the DV01 on the TIPS is 0.051, and the hedge adjustment factor (regression beta coefficient) is 1.2. What is the face value of the offsetting TIPS position needed to carry out this regression hedge?