3. When Pacific Inc. bid for a project with the government, the company was offered the following two payment options: Option (A): A payment of $540,000 at the end of 5 years, which is the scheduled completion time for the project. Option (B): $80,000 paid upfront at the beginning of the project and the balance payment in 5 years. . If the two payments are financially equivalent and the interest rate is 6.00% compounded quaterly, calculate the balance payment offered in Option(B). Round to the nearest cent. 8:04 pm