Starr Company decides to establish a fund that it will use 5 years from now to replace an aging production facility. The company will make a $97,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answer to the nearest whole dollar.) What will be the value of the fund 5 years from now?

Table Values are Based on:
n =
i =
	Present Value	Table Factor	Future Value
Initial Investment
Periodic Investments
Future Value of Fund