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A small business has determined that the machinery they currently use will wear out in $17$ years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is $1\mathrm{.}6$ percent per quarter and the cost of the machinery will be $$285,000,$ how much will the company have to deposit today?

Multiple Choice

$$96,844\mathrm{.}00$

$$217,596\mathrm{.}46$

$$98,996\mathrm{.}09$

$$99,274\mathrm{.}38$

$$98,135\mathrm{.}25$