Daniel agreed to a 25 year leasing agreement for a car. His monthly lease amount for the first year is $2000/month, with his first monthly lease being due today. From the 2nd year onwards, his monthly rental will be increased by 5%/year.( for example the monthly lease for the 2nd year will be $2100 and his monthly lease for the 3rd year will be $2000(1.05)^2. If the compound annual interest rate is 8%/year, compute the present value of 300 of his leasing payments.