As a new employee in the Lottery Commission, your first job is to design a new game and prize. Your idea is to create two grand prize choices. The first prize is the amount of $590 in 6 years. The second prize is to receive the amount of $170 immediately followed by some unknown lump sum amount in 6 years. Using an interest rate of 5.00%, determine the lump sum amount for the second prize that would make the present value of both prizes equivalent.