Consider a cylindrical specimen of some hypothetical metal alloy that has a diameter of 8.0 mm (0.31 in.). A tensile force of 1000 N (225 lbf) produces an elastic reduction in diameter of 2.8 x 10-4 mm (1.10 x 10-5 in.). Compute the modulus of elasticity for this alloy, given that Poisson's ratio is 0.30.