The correct answer is C. Please show work, and draw the cash flow diagram! Thank you!

After a successful career, you wish to start an endowment fund that will provide scholarship money of $40, 000 per year beginning with its first scholarship payout at the end of year 5 and continuing indefinitely. If the university earns 10% per year on the endowment, the amount you must donate now is closest to: a. $225, 470 b. $248, 360 c. $273, 200 d. $293, 820