The project manager for Grand Gallopers estimates annual project cash flows starting at the end of Year 1 (t=1) to Year 5 (t=5) of $20, $30, $40, $50, $60, respectively. Beyond that period, cash flows will continue to grow indefinitely at the rate of 1.5% annually. Given the project risk, the cost of capital for the project would be 28.0%. What is the maximum initial investment at t=0) that could be made in the project before rejecting it