The Great Giant Corp. has a management contract with its newly hired president. The contract requires a lump sum payment of $37,723,793 to be paid to the president upon the completion of her first 14 years of service. The company wants to set aside an equal amount of funds at the end of each year to cover this anticipated cash outflow. The company can earn 6.97 percent on these funds. How much must the company set aside each year for this purpose?