Question 8 5 pts Suppose after you graduate, you and 9 of your friends plan to set up a scholarship fund which gives out a yearly $7,425 scholarship to needy students, forever. If you find a mutual fund which guarantees an annual rate of return of 13% on your initial deposit, how much would you all have to collect to start off the scholarship fund and never to add a penny to it ever again? (Round your answer to a whole number)