You would like to have enough money saved to receive $$80,000$ per year in perpetuity after retirement for you and your heirs. How much would you need to have saved in your retirement fund to achieve this goal? $($Assume that the perpetuity payments start one year from the date of your retirement. The annual interest rate is $8$ percent.$)$

Group of answer choices

$$800,000$

$$750,000$

$$1,000,000$

$$7,500,000$