A mining company is required to repair the environmental damage it has caused once it ceases operations. The company expects that it will need an amount of $25.1 million in ten year's time to carry out the rectification work. It will make equal monthly deposits into an investment account that earns interest at 6.4% p.a. compounded monthly, beginning at the end of this month. How much should each deposit be?

(Give you answer to the nearest cent, ignoring the dollar sign.)