A public agency is considering projects that, among other things, will incur major repair and rehabilitation costs on a recurring basis, but with a frequency greater than one year. The costs are expected to be incurred indefinitely (i.e., for infinity). In class, we presented two ways to determine the capitalized worth CW of such costs. The agency wants to use a discount rate of 10% compounded annually. 

One project will incur a cost of $800,000 every 15 years. One way we would determine the CW of such a recurring cost was: What is the value of A? Present your answer to the nearest dollar.