An engineering company in Texas that owns 250 acres of valuable land has decided to lease the mineral rights to a mining company. The primary objective is to obtain long term income to finance ongoing projects 5 and 19 years from the present time. The engineering company makes a proposal to the mining company that it pay $55,000 per year for 30 years beginning 1 year from now, plus $173,000 5 years from now and $338,000 19 years from now. If the mining company wants to pay off its lease immediately, how much should it pay now if the investment should make 9% per year? Please show all work and steps.