When Pacific Inc. bld for a project with the government, the company was offered the following two payment options:

Option $($A$)$: A payment of $$592,500$ at the end of $5$ years, which is the scheduled completion time for the project.

Option $($B$)$: $$210,000$ paid upfront at the beginning of the project and the balance payment in $5$ years.

If the two payments are financially equivalent and the interest rate is $4\mathrm{.}14\%$ compounded semi$-$annually, calculate the balance payment offered in Option$($B$).$