Sarah is working in the operations management industry and wants to take an marketing course for 6 years, starting 6 years from now. Sarah plans to pay herself for this marketing course from his wage. The current annual cost of this marketing course now is $14,500, and Sarah expects this cost to rise at an annual rate of 4% because of high demand and inflation. Sarah plans for savings, and she assumes that she can earn 5% annual rate of return. How much must Sarah put aside and save each year, starting next year, if she plans to make 5 equal payments? All payments are at year end. Present answer with 2 decimals and explain your workings.