A company is divesting in a certain segment of the market and would like to ensure that it has enough money set aside to successfully shut down its operations. Its costs for this fiscal year will be $$540,000$ and the costs will decrease by $5\%$ for the following $2$ years. After $3$ years, the company will stop operating and no further cash flows will occur. Assuming this company sets aside money in an account that earns $2\%$ per year, how much does the company need to save to ensure it will have money to cover the costs for the remainder of its existence?

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million

Carry all interim calculations to $5$ decimal places and then round your final answer to $3$ decimal places. Please enter your answers in