4 points A donor gives $8 million to fund scholarships at a university. The first scholarships will be paid in exactly one year and future scholarships will be paid every subsequent year forever. In other words, the scholarship fund represents a perpetuity. If the university's endowment pays an annual rate of return of 3.4%, what is the total amount of scholarships that can be awarded each year? Enter your answer as a positive number rounded to the nearest penny