The National Research Council is considering the establishment of a perpetuity to fund foculty positions at a local university. The ongoing cost will be $9500 at the end of each month: If the money can eorn 6.3% compounded monthly in perpetuity, whot amount to be inveated now is requirtid to fund the perpetuity? Select one: a. $612,675 b. $160,294 c. $301,587 d $1819024 e. $1,809,524