A husband and wife are ages 68 and 67 and on July 1 of this year, they decide to donate $500,000 cash in the form of a charitable gift annuity to a college to fund scholarships. While their donation is cash, part of the gift is paid back as an annuity. This would fall under the gift annuity 2 person schedule rates 1. How much money will they receive back from the college for each 12-month periodso long as either the husband or wife are living?