Question: can someone help ? The Great Glant Gorp has a management contract with its newly hired president. The contract requires a lump sum payment of

can someone help ?

The Great Glant Gorp has a management contract with its newly hired president. The contract requires a lump sum payment of $25,700,000 be paid to the president upon the completion of her first 6 years of service. The company wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. The company can earn 5 percent on these funds How much must the company set aside each year for this putpose? Multiple Choice $3,778.348.93 $1,285,000.00 $3.778,348.93 $1,285,000,00 $1,425,255,21 $3,699,94819 $3,695,225,25

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