A client is doing some investment/retirement planning. She is attempting to determine how much of her estate she needs to set aside today to fully fund her retirement. She desires annual beginning-of-period withdrawals for the next 25 years. She would like inflation-adjusted withdrawals that start at $50,000 per year. Assume an annual post-tax rate of return of 7.5 percent and that inflation will increase at an annual effective rate of 3.5 percent. What amount does she need to dedicate to this goal?