British Airways Plc plans to set aside investment funds now for replacing 34 of the airline's aging long-haul fleet of Boeing 747s and 767s, which will be delivered 6 years from now. How much will the company need to have in its investment funded now if the cost of the fleet will be $100 million and the company earns a rate of return of 4.2% per year? (express your answer to the nearest cent)