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To make provision for the possible impact of recessions in the future, Albany Mutual Bank would like to set up a reserve fund. The fund will earn an interest rate of 6% per annum. If the fund pays a fixed amount of $12 million to the bank annually for an infinite period, starting two years from today and the annual payment grows at 2.5% per annum, how much does the bank need in the fund today? Select one: a. $305.1 million b. $323.5 million O c. $287.9 million O d. $342.9 million