GlivCo just bought a new loom for $472,000. To pay for the loom, the company took out a loan that requires GlivCo to pay the bank a special payment of $155,000 in 3 quarters and also make regular quarterly payments forever. The first regular payment is expected in 1 quarter and all subsequent regular payments are expected to increase by 0.78 percent per quarter forever. The interest rate on the loan is 2.92 percent per quarter. What is the payment expected to be in 3 months? Round your answer to the nearest cent (for example, 123.45 or 98.76).