After inheriting a large sum of money, you decide to fund a scholarship at DBU to show your deep appreciation for the valuable education you received (especially in the field of Finance). The scholarship will be paid out to a deserving graduate student as annual payments of $15,000 at the end of each year. DBU has an annuity investment fund that earns an effective annual interest rate 8.5% and can reasonably be expected to continue earning this rate for the foreseeable future. What lump sum amount would be required today to fund this scholarship as an annuity for 10 years?