I need help with parts 1 and 2 please!

As director of development for southern Ohio State University (SOSU), you have been charged with developing a plan to endow 12 men's basketball scholarships. The current cost of a scholarship athlete is $45, 000. With tuition expenses expected to increase at a 5.5% rate annually and the endowment's return expected to average 7% over time, calculate the total amount that will have to be raised to fully endow the 12 scholarships