Old Main is a historic campus landmark that needs maintenance and repairs to its bell tower every 17 years. Each time the maintenance and repairs are completed, this costs $900,000. The university is seeking a donor to establish an endowment that will pay for all the Old Main bell tower repair and maintenance costs. How large of a charitable gift should the University pursue, assuming the donor's gift is invested in a fund that earns 3% compounded annually? Click here to access the TVM Factor Table calculator.