Lane is the Chief Investment Officer of a foundation that delivers fresh water to thirsty college students. A donor gives $1 million today and expects the donation to generate $35,000 cash flows per year toward this cause. If the first cash flow will occur one year from now and future cash flows must occur every subsequent year forever, what annual rate of return must Lane's foundation generate in order to meet these expectations? Enter your answer as a decimal, and show 4 decimal places. For example, if your answer is 6.5%, you should enter.0650. Type your answer... Previous earch Hi 8.7 3 alt C % De WER SDE Z|XC|V T LL L B & H ly 8 M KIA DII 44F Cloudy alt A Ca backspace prt sc Next 2:18 PM 12/10/2023 delete home enter PO T shift