Publisher's Clearing House (PCH) is offering a prize of $1,000 per day for life. However, they would prefer to deposit a lump sum of $2 million in their bank, which offers daily compounding (assume there are exactly 365 days in a year). Assume that the prize will be announced shortly and the first payment of $1,000 will be paid tomorrow (i.e. on day 1). They plan on depositing the $2 million in the bank today (day O). However, what PCH doesn't yet know is that the winner is immortal and will live forever. In order for PCH to be able to make good on their prize with their $2 million deposit, what effective annual rate does their bank need to offer them? Enter your answer in decimal form to 4 decimal places (i.e. if you want to answer 12.345%, enter 0.1235). Notice that if your answer is an exact midpoint you should round to the higher number