Mark Weinstein has been working on an advanced technology in laser eye surgery. His echnology will be available in the near term. He anticipates his first annual cash flow rom the technology to be $185,000, received two years from today. Subsequent annual cash flows will grow at 4.5 percent in perpetuity. What is the present value of the echnology if the discount rate is 9 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)