Newman Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Newman has recently come into an inheritance of $405,000. He estimates that the boat he wants will cost $328,500 when he retires in 5 years. Click here to view factor tables. How much of his inheritance must he invest at an annual rate of 11% (compounded annually) to buy the boat at retirement? (Round foctor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)