Imagine you have won the lump sum amount of $2350 in a recent contest. However, you must wait until the end of 4years to receive the money. However, you would prefer a different pattern of payments: $375 today and then receive some unknown LUMP SUM (i.e. one time) amount that will be received in 4 years. Using an interest rate of 6.50%, determine the unknown lump sum amount that would make the present value of both prizes equivalent.

		$1451.71
		$2540.77
		$291.50
		$1867.58
		$1826.71