From a lawsuit, you have been awarded a 31-payment, constant growth annuity. The first payment is at Year 0 and is equal to $340, and each subsequent payment will be paid in 16 month intervals, with the final payment at Year 40 . Further, payments will grow at a constant growth rate of 4 percent (payment 2 will be $3401.04=$353.60, etc.). The appropriate discount rate for this constant growth annuity is a nominal annual rate of 3.0 percent, with monthly compounding. Given this information, determine the value, at Year 0, of this constant growth annuity. $11,345.44 $11,652.07 $10,732.17 $10,425.54 $11,038.80