The International Monetary Fund is trying to raise $$1,350$ billion in $8$ years for new funds to lend to

developing countries. At $8\%$ interest compounded quarterly, how much must it invest today to reach $$1,350$

billion in $8$ years? $($Use the Table provided.$)$

Note: Do not round intermediate calculations. Enter your answer in billions of dollar rounded to $2$

decimal places.