You are investigating the possibility of investing in a productive oil well that is expected to produce 4 thousand barrels of oil per year for 5 years. The current price of oil is $77 per barrel, but the price is expected to increase at a constant rate of 4 percent per year for the next 5 years. If your opportunity cost of funds is 8% p.a., what would be the upper limit of how much you would be willing to invest in this oil well? Please present your answer in $ thousands, rounded to one decimal place, e.g., 1234.5