Acme just hired a president that requires a lump sum payment of $25 million be paid to the president upon the completion of their first ten years of service. The company wants to set aside an equal amount of funds each month to cover this anticipated cash outflow and can earn 3% APR. How much must the company set aside each month for this purpose? a. $600,000 b. $400,000 c. $500,000 d. $550,000 e. $450,000 Clear my choice