15) a) b) c) The Elysian Trust has set up a program that provides free school education for underprivileged children in India and Nepal. The Elysian Trust will provide, as endowment, $1 million each year in perpetuity. The interest rate is 8% per year. If the first endowment payment happens one year from today, what is the value of this gift today? If the first endowment payment happens today, what is the value of this gift today? Suppose, instead, Elysian provides an endowment that pays $2 million every two years in perpetuity, what is the value of this gift today? Suppose, instead, Elysian provides an endowment that pays $500,000 every six months in perpetuity, what is the value of this gift today? d)