You have become extremely wealthy in large measure due to your Tarleton education. You have decided to literally give back. You want to set up a fund that will fund a faculty position in finance (of course). Based on your research, a good faculty member would require a compensation package of $169,670 per year (salary, benefits and retirement package). If you assume that you can earn 8.14%, how much will you have to donate to fund this position in perpetuity (enter your answer to the nearest cent)?