A company borrows $160000, which will be paid back to the lender in one payment at the end of 6 years. The company agrees to pay quarterly interest payments at the nominal annual rate of 5% compounded quarterly. At the same time the company sets up a sinking fund in order to repay the loan at the end of 6 years. The sinking fund pays interest at an annual nominal interest rate of 14% compounded quarterly. Find the total amount of the quarterly payments, that is, the sum of the interest payment and the sinking fund payment.
Total quarterly payment = $