On January 15, Year 5, Carr Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, Year 9, at an estimated cost of $2 million. Carr plans to make 4 equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, Year 5. Future value factors are as follows:

Future value of 1 at 10% for 5 periods	1.61
Future value of ordinary annuity of 1 at 10% for 4 periods	4.64
Future value of annuity in advance of 1 at 10% for 4 periods	5.11

Carr should make 4 annual deposits (rounded) of

$320,000

$431,000

$391,400

$500,000