An award is being established, and it will pay $$10,800$ every three years, with the first installment being paid in three years. The award will be given for an indefinitely long period of time. If the interest rate is $3\%$ 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 $3\%$ per year.

The lump$-$sum amount of money required to endow this award forever is $

$($Round to the nearest dollar.$)$

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$\backslash$table$[[$Discrete Compounding: $i=3\%$