Chapman, Inc.$\text{'}$s Mexican subsidiary, V$.$ Gomez Corporation, is expected to pay to Chapman $40$ 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{.}06$ per peso. After this, the peso is expected to depreciate against the dollar at a rate of $6\%$ 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 $10\%$ a year indefinitely. Chapman owns $10$ million shares of V$.$ Gomez.

$1-$year forward exchange rate, U$.$S$.$ dollars required to buy $1$ peso $$0\mathrm{.}06$

Annual depreciation rate of peso against dollar $6\mathrm{.}00\%$

Peso$-$denominated dividend annual growth rate $10\mathrm{.}00\%$

Number of common shares owned $10,000,000$

Cost of equity, rs $13\mathrm{.}00\%$

What is the present value of the dividend stream, in dollars, assuming V$.$ Gomez's cost of equity is $13\%?$ Do not round intermediate calculations. Round your answer to the nearest dollar.