Indigo River Consulting just bought a new hair salon. To pay for the hair salon, the company took out a loan that requires Indigo River Consulting to pay the bank a special payment of 16,070 dollars in 3 month(s) and also pay the bank regular payments of 4,420 dollars each month forever. The interest rate on the loan is 1.44 percent per month and the first monthly payment of 4,420 dollars will be paid in 1 month. What was the price of the hair salon?