Your sister just had a baby girl and your wealthy aunt wants to provide a trust fund that will pay her niece $50,000 a year forever. The first $50,000 payment will be made in 19 years. If your aunt can earn 7% on investments howmuch does she need to invest today to fund this trust fund?

a. $226,125

b. $714,286

c. $197,506

d. $211,331