A firm is considering a project that will generate perpetual after$-$tax cash flows of $$24,500$ per year beginning next year. The project has the same risk as the firm's overall operations and must be financed externally. Equity flotation costs $12$ percent and debt issues cost $3$ percent on an after$-$tax basis. The firm's D$/$E ratio is $0\mathrm{.}5.$What is the most the firm can pay for the project and still earn its required return? $($Do not round intermediate calculations. Round your answer to the nearest whole dollar.$)$