A pension fund has to pay $14,000 once a year for a 2-year period. The first payment will be made in exactly 2 years. The current interest rate is 9%. The pension fund wants to immunize its position. If the fund uses 1-year and 4-year zero-coupon bonds to construct the immunized position, how much (in market value) needs to be placed in the 4- year zero-coupon bonds?