You plan to set up an endowment at your aima mater that will fund $240,000 of scholarships each year indefinitely. If the principal (the amountyou donate) can be invested at 6.4 percent, compounded annually, how much do you need to donate to the univer sity today, so that the first scholarships can be awarded beginning one year from now? (Round answer to 2 decimal places, eg, 52.75.) Present value