Charles Bently Williams $($C$.$ Bently$),$ a wealthy shipping magnate, is interested in establishing a trust fund for his only grandson, Charles II$.$Charles II $($or 'Charlie' as his grandfather calls him$)$ just turned $10$ and C$.$ Bently wants the trust to contain R $8000000$ on the boy$$s $25$ birthday. If the trust can earn $8\%$ annual interest, calculate how much C$.$ Bently needs to deposit in the trust today to realise his goal.