Your company wants to build a new factory building in 7 years at an estimated cost of $14,000,000. The company will borrow $8,000,000 but will need to save the remaining $6,000,000. The company expects to earn 5% on its investments. How much must it save each year for six years. Assume that the funds are invested at the start of each year and will be needed at the start of the 7th year. ( nothing is earned in year seven)