When Pacific Inc. bid for a project with the government, the company was offered the following two payment options: Option (A): A payment of $752,500 at the end of 4 years, which is the scheduled completion time for the project. Option (B): $135,000 paid upfront at the beginning of the project and the balance payment in 4 years. If the two payments are financially equivalent and the interest rate is 3.90% compounded semi-annually, calculate the balance payment offe