Mr. Hopper expects to retire in 25 years from today. During his retirement, he wishes to be able to withdraw $200,000 each year for 20 years, at the end of which he wishes to have $10,000,000 remaining (for his favorite charity). If the interest rate is 10% per year, how much should Mr. Hopper put into his retirement fund each year in order to achieve this goal? (Assume that he makes payments at the end of each year.)

a. $17,554

b. $25,112

c. $32,427

d. $38,689

please show formulas in excel