Sarah is considering an investment from Convexity Investments. If she buys it, Sarah will receive $100 quarterly (every 3 months) for 5 years. Payments will be made at the beginning of each quarter. If Sarah's annual required rate of return is 16%, to the nearest dollar, how much should she be willing to pay for this investment? $1,112 $1,310 $1,359 $1,413 $1,519