Soon-to-be proud parents of a new born baby are planning to establish a scholarship fund for their baby. They plan to deposit a lump sum amount of money in an account on the day she is born so that she would be able to withdraw $28,000 per year from her 18th to her 23rd birthdays (i.e., 6 annual withdrawals). What should be the lump sum deposit if the fund is expected to earn an interest rate of 6% per year. The lump sum amount is O A. $55,291 O B. $51,136 O C. $58,621 O D. $43,806 O E. $48,231