Corsair's Corsages bought a new packaging system. The system will require an annual system fee of $7062, which will decrease by $246 each subsequent year. The company is required to pay the system fee for 7 years. The company has been doing well financially and would like to deposit the total cost of the annual fee today, into a bank account paying 1% interest, compounded annually. How much should the company deposit today to cover the total cost of the system fee? Note: The system fee is required at the end of each year, with the first system fee billed at the end of year 1 and the last year billed at the end of year 7 Enter your answer as: 12345 Round your answer. Do not use a dollar sign "$"), any commas(") or a decimal point()