You have an obligation in 1 year with a face value of$190000.00 and a second obligation in 2 years with a face value of $74000.00.

There are two bonds available for purchase:

1) A 1-year zero coupon bond.

2) A 2-year coupon bond with a 7.70% annual coupon.

You engage in a cash-flow matching strategy.

How much in face value of the 1-year zero coupon bond do you purchase.

Your answer should be in dollars and cents (ex: 1000.00).