Assume a limited partnership calls for the proceeds from operations to be distributed pro rata pari passu to the preferred equity (80%) and sponsors (20%) until the preferred equity partner reaches a return of 8%. Further assume the preferred partner made an initial investment of -700,000 in year 0; and received distributions of $50,000 in year 1; $50,000 in year 2; $50,000 in year 3; and $550,000 in year 4 when the property was sold. Assuming there are additional proceeds available from the sale to distribute, how much more must be paid to preferred equity in year 4 for them to reach an IRR lookback return of 8%