Edward Jones Investments has offered you an investment opportunity that will provide you with an 18-year cash flow stream (payment is made at the end of every year). The cash flow stream is expected to grow by 8% per year, with the first year's cash flow expected to be 48,000. How much would you be willing to pay for this investment if you require a 24% rate of return? (HINT: You want to find out the PV of a finite growing annuity.)