A charitable foundation wishes to establish a trust that subsidizes dental services for families in need. The foundation intends to provide the equivalent of $500,000 per year in perpetuity for dental services, so it needs to account for the projected 3.00% per year inflation. The foundation plans to make a one-time cash contribution now to capitalize the trust. If invested funds can earn a return of 6.00% per year, how much money should the foundation contribute to the trust today to provide dental assistance of $500,000 at the end of the first year and payments that then grow at the inflation rate of 3.00% per year in perpetuity?
Round your answer to the nearest whole dollar.