Michael estimates that the lump sum cost of a college education is currently $250,000. He wants to put aside enough money today so that he has enough money in 17 years for his daughter to go to college. He estimates that college costs are increasing at an annual rate of 3.75% with semi-annual compounding and believes that his investment returns will be at an annual rate of 7.25% with semi-annual compounding. How much does he need to invest to save for college? Round your answer to the nearest dollar.