A new financial instrument has a strange behaviour because of its seasonality. During the first 5 years it doesnt produce any cash flows. During years 6 to 10 it generates cash inflows of US$ 10,000.00 each quarter. The next five years, from 11 to 15, it once again doesnt generate any cash inflows, and from years 16 to 20 it will generate semi-annual cash inflows of US$ 18,000.00 with a growth rate of 1% per semester. You expect that your opportunity cost will be an EAR of 16% for the first 10 years, and it could be reduced to an EAR of 14% during the last 10 years. How much is this financial instrument worth today