6. Katy P. wants to open up a soda manufacturing plant. She calls around and finds out that it will cost $1,348,480 approximately to open up the plant. However she does not have enough money right now, and so is thinking of opening up the plant 5 years down the road. She comes to you for some financial help. If she earns 15% (compounded annually. on her investment, how much (APPROX) does Katy have to save up per year for the next five years to be able to open the soda manufacturing plant? (assume that the cost of setting up a plant stays flat in the next 5 years.)

• A. $200,000
• B. $222,000
• C. $225,000
• D. $250,000
• E. $265,000