$5.$ A new Disney movie is estimated to yield $$1,000,000$ in profit next year. This profit is then estimated to decrease in perpetuity annually each year by $-11\mathrm{.}2\%.$ If Disney's required return on movies is $17\mathrm{.}3\%$ per year, what is the present value of this movie's profits?

Enter answer in dollars, rounded to the nearest dollar $.$