You want to create an award in finance (similar to the Nobel prize) that will honor outstanding achievements in the field. You will put money into an investment fund today that will pay an award every third year (or once every 3 years), starting in exactly 3 years, and lasting forever. You would like the first award to be $220,000 (exactly 3 years from today). To keep up with inflation, you then want the award to grow at 1.6% APR, compounded monthly. Your investment fund will earn 11.8% APR, compounded semi-annually. How much money would you need to contribute to the investment fund today to make this award happen? Today, you would need to contribute $. (Round to the nearest dollar)