Many years ago, Drusilla purchased shares of a publicly traded company for $100,000 that today are worth $1,100,000. She places these shares into her Charitable Remainder Annuity Trust that pays her $50,000 per year for 20 years. Her trustee sells the shares and spends the proceeds to purchase a 30 year corporate bond with a face value of $1,100,000 paying exactly $50,000 per year in interest. Over the course of twenty years, if the relevant capital gains tax rate was 20%, how much capital gains tax is paid on this initial transaction and the subsequent income payments? 1. $0 2. $8,000 3. $16,000 4. $160,000 5. $200,000