You are evaluating two investment choices in order to fund an Indiana University endowment. Choice A is a 25 year annuity that pays $25,000 per year, with the first payment paid at the beginning of year 1. Choice B is a growing perpetuity that pays $20,000 per year & grows at 3% per year forever; The first payment is made at the end of year 2. Assume the required rate of return on both products is 10%? How much more will the growing perpetuity cost to purchase compared to the annuity ? Round your answer to the nearest whole dollar. Multiple Choice 10122 36096 58788 32814