An infrastructure project bond requires a series of contribution payments before generating fixed coupon payments. The project bond cash flows are set out in the table below. The risk free rate is constant at 2% per annum for all maturities and for all dates. The project bond has a z-spread of 300 basis points per annum. Required: Calculate the dollar value of the project bond as of 1 July 2023 . just after making the contribution payment due on that day