You are the lead engineer evaluating a possible design change on a pod style coffee maker your company produces. Your analysis indicates the redesign could make profits of $55,000 for the first year and then decrease by 4.25% annually. You will manufacture and sell this coffee maker for 5 years. Your company would need to invest money now to develop this design change and will withdraw money from an account paying 7% APR compounded annually to cover these costs. What is the maximum amount your company should be willing to invest to develop the possible design change?