The We-Have-It rentals has a piece of equipment that someone has offered to buy. If the rental company expects the equipment to be in service for another 2.5 years and rents the equipment for $600.00 at the beginning of each month. If the company sells the equipment now and money is worth 6.3%, compounded monthly. What must the selling price be to recoup the income that the rental company will loses by selling it now?

The selling price should be $. (Round to 2 decimal places.)