Its not 5,020,652

In 2022, Cart Inc. adopted a plan to accumulate funds for environmental remediation beginning July 2,2027 at an estimated cost of $30 million. Cart plans to make five equal annual payments into a fund earning 6% interest compounded annually. The first deposit is scheduled for July 1,2022 . Determine the amount of the required annual deposit. Use Excel or a financial calculator for the computations. Round your answer to the nearest dollar. Required annual deposit \$