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 Scholarship 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 $156,792 per year (salary, benefits and retirement package). If you assume that you can earn 5.17%, how much will you have to donate to fund this position in perpetuity (enter your answer to the nearest cent)