Since graduating with a high value education from Tarleton State University, you have become amazingly wealthy. To "give back" to your Alma Mater, you have decided to fund a Finance Professorship outright. You have decided to fund that professorship in line with national statistics for a full professor in Finance in 2020, at $136,780 per year (on a nine month contract)". You want the salary to be able to grow at 2.29% per year to cover anticipated inflation as well as merit increases in perpetuity. If you think you could earn a return of 8.8% per year on investments in perpetuity, how much would you have to invest today in order to fund this professorship in Finance? Please enter your response to the penny. "Note the salary range used in this problem come from the AACSB salary survey for 2020