You are the manager of an endowment for the local library. A benefactor just made a donation of $4,273,561. You have made two assumptions. First, you expect the return on the endowment's investments will be 10%. You also want the payments out of the fund to be used for library services to grow with inflation that you assume will average 1.6% per year. Given your assumptions, what is the annual amount that can be used without drawing down on the donation? Answer with dollars and cents