The Frank Trust Would Like to Gift Some Money to Their

The Frank Trust would like to gift some money to their local university so that the money gifted will provide $100,000 to the university each year from now on. The funds are expected to earn an 8% rate of return. How much money does the Frank Trust have to gift to the university today?

A) $1,000,000
B) $1,250,000
C) $1,500,000
D) $2,000,000
E) $2,500,000