John owes $1200 due three months from today, and $1500 due ten months from today. Due to financial difficulties, he will be unable to satisfy these obligations. The creditor has agreed to refinancing the debts through two equal payments. One payment would occur six months from today, and the other would occur one year from today. Assuming money is worth 14% simple interest, and a focal point of seven months is agreed upon, what will be the size of the equal payments? Answer $1382.68 (show work)