Chapman, Inc.$\text{'}$s Mexican subsidiary, V$.$ Gomez Corporation, is expected to pay to Chapman $50$ pesos in dividends in $1$ year after all foreign and U$.$S$.$ taxes have been subtracted. The exchange rate in $1$ year is expected to be $$0\mathrm{.}13$ per peso. After this, the peso is expected to depreciate against the dollar at a rate of $4\%$ a year forever due to the different inflation rates in the United States and Mexico. The peso$-$denominated dividend is expected to grow at a rate of $7\%$ a year indefinitely. Chapman owns $10$ million shares of V$.$ Gomez.

What is the present value of the dividend stream, in dollars, assuming V$.$ Gomez's cost of equity is $16\%?$ Do not round intermediate calculations. Round your answer to the nearest dollar.