An award is being established, and it will pay $11,300 every two years, with the first installment being paid in two years. The award will be given for an indefinitely long period of time. If the interest rate is 6% per annum, what lump-sum amount of money (invested now) will be required to endow this award forever? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 6% per year The lump-sum amount of money required to endow this award forever is S(Round to the nearest dollar.)