Newman Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 5 years, by conducting some research online, Newman has developed the following estimates.

Engine Overhaul Estimated Cash Outflow			Probability Assessment
$270			10%
590			30%
840			50%
980			10%

Click here to view factor tables How much should Newman Bowie deposit today in an account earning 8%, compounded annually, so that he will have enough money on hand in 5 years to pay for the overhaul? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)