23. Summer Brook Hospital is planning to create an endowment, which will pay $500,000 per year forever. The rst payment will not be received until four years from today. How much money needs to be set aside today if the effective annual rate of return is 8%? A) $4,961,451.51 B) $4,593,936.58 C) $5,238,912.87 D) $6,250,000.00 E) $6,987,345.50