Could someone solve this problem and when you solve it could you also draw the complete timeline for it because I need the answers and a drawn out timeline for it as well

QUESTION 4 (Show Work, including Timelines, for both parts of this Quantitative Question Answer both parts of the question below. a. You want to endow a scholarship today that pays 511,000 per year forever, starting one year from now. What amount must you donate today to endow the scholarship of the discount rate is b. How would your answer change in if you endow the scholarship now, but it makes the first award to a student years from today