Robert became quite well-to-do as founder and president of Carlson Auto Paint and Supply, Inc. (CAPS). Now, he wants to start a permanent fund to support research directed toward improved sustainability of painted surfaces at his alma mater. He plans to contribute money now so that $220,000 per year can be withdrawn each year forever, beginning in year 3. If the fund earns interest at a rate of 8% per year, how much money must be donated now

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Answergoing above and  beyond the norms of corporate ethical behavior;