A project has a beta of 1.01, the risk-free rate is 4.0%, and the market risk premium is 7.9%. The project's expected rate of return is %. You have just retired with savings of $2 million. If you expect to live for 54 years and to earn 10% a year on your savings, how much can you afford to spend each year (in $ dollars)? $_ (Assume that you spend the money at the start of each year.)