Skyline Industries will need $1.8 million 5 years from now to replace some equipment. Currently, the firm has some extra cash and would like to establish a savings account for this purpose. The account pays 5.25 percent interest, compounded annually. How much money must the company deposit today to fully fund the equipment purchase?

	$1,279,947.20
	$1,298,407.21
	$1,350,868.47
	$1,393,676.52
	$1,412,308.18