An individual received an inheritance from a granchparent's estate. The money can bo irvested, and the individual can eithor (is) recehne a 520,000 kamp-sum amount at the end of 10 years or (b) recelve $1,400 at the end of each year for the next 10 years. The indivictual wants al rate of retum of 1295 . What is the net present value of the preferred project (rourded to the nearest dollar)