The gaming commission is introducing a new lottery game called infinite progresso. the winner of the infinite progresso jackpot will receive $700 at the end of january, $1,200 at the end of february, $1,700 at the end of march, and so on up to $6,200 at the end of december. at the beginning of the next year, the sequence repeats starting at $700 in january and ending at $6,200 in december. this annual sequence of payments repeats indefinitely. if the gaming commission expects to sell a minimum of 1,150,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 12.00 %/year/month on its investments and there is exactly one winning ticket?