A business sets up a sinking fund so they will have a $$63,000\mathrm{.}00$ to pay for a replacement piece of equipment in $10$ years when the current equipment will be sold for scrap. They make deposits at the end of each month for $10$ years in the investment that pays $7\mathrm{.}4\%$ compounded monthly.

How much should they deposit each time to have $$63,000\mathrm{.}00$ in $10$ years?