Your grandparents would like to establish a trust fund that will pay you and your heirs $150,000 per year forever with the first payment 8 years from today. If the trust fund earns an annual return of 2.9 percent, how much must your grandparents deposit today?

$4,234,339.13

$5,172,413.79

$4,774,535.81

$3,999,032.08

$4,310,344.83