Hydraulic Technologies plans to overhaul their Cylinder assembly line in Rockford, IL 6 years from now, at a cost of $1,500,000. The company plans to deposit money into an account each year for 5 years, beginning 2 years from now to pay for the new production line. If the company achieves their MARR % of 12% interest / year - the amount of each deposit is closest to (4 points)
(a) $313,845
(b) $236,115
(c) $276,490
(d) $343,860