Edwards Company just hired another employee - Jane. The Edwards Company provides supplemental retirement benefits to its employees realizing the insufficiency of the Social Security benefits for a comfortable retirement life. Edwards has asked you to perform the necessary computations pertaining to the retirement benefits for Jane. Jane's current salary is $40,000. Jane will be entitled to this supplementary retirement benefits after 20 years of work- the start of the 21st year. The retirement plan will last for 25 years. Per company practices, Jane will be granted with a year-end salary increase of 2% per year effective Jan. 1st of each year that she works. The amount of annual retirement benefit is going to be 45% of Jane's salary right before the start of the retirement and will be paid at the start of each year. Any invested funds for pension will earn 4% compounded annually. Assume the amount that must be on deposit right before the start of Jane's retirement in order to assure that all the retirement benefits will be paid is $550,000. What amount should Edwards Company set aside at the end of each year for the next 20 years (during the years that Jane is working) in order to assure that all the retirement benefits will be paid and honored? Example of Answer: 4000.20 Two decimal points. No comma, space, or $ sign