For the first quarter of the year, a company has projected sales of $3,580. Sales in the subsequent quarters are projected to increase at 10.98% per quarter. The company has a payables period of 53 days. The company purchases inventory in each quarter equal to 37% of projected sales for the following quarter. Assuming a quarter equals 90 days, how much total cash payments are made in the first quarter for inventory purchases? $1,350 $1,384 $1,419 $1,454 $1,488