Tim is creating a trust fund for all of his future descendants. He wishes to purchase a perpetuity that pays $1,000,000 per year forevermore. Suppose that he can earn 4.5%. What is the annual payout of this perpetuity?
A. $4,500.00
B. $34,122.65
C. $45,000.00
D. $4,500,000.00
E. $4,679,055.22