An engineering company in Virginia 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 6 and 15 years from the present time. The engineering company makes a proposal to the mining company that it pay $69,000 per year for 29 years beginning 1 year from now, plus $244,000 6 years from now and $383,000 15 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 6% per year?