On January 1, 2017, Sunland Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $71000 at 8% each January 1 beginning in 2017. What will be the balance in the fund, on January 1, 2022 (one year after the last deposit)? The following 8% interest factors may be used.

	Present Value of Ordinary Annuity	Future Value of Ordinary Annuity
4 periods	3.3121	4.5061
5 periods	3.9927	5.8666
6 periods	4.6229	7.3359

A)$383400

B)$416529

C)$355000

D)$449850