You have become the next high-tech startup success and have made a fortune and now have decided to give back to a Seattle college. You are planning on setting up a fund to provide 10 full-ride scholarships (tuition and living) each year. Assume the first-year tuition cost is $61,000 and is expected to increase every year following a 3% growth rate. The cost of living in Seattle for a student, in this scholarship, is estimated to be $32,000 currently, increasing with the same growth rate each year due to inflation. You can set up a venture fund that is expected to pay 7% per year. Calculate the amount of money you must leave for your scholarship fund to last forever