Red owns investment A and 1 bond B. The total value of his holdings is $3,150. Bond B has a coupon rate of 16.86 percent, par value of $1000, YTM of 8.72 percent, 9 years until maturity, and semi-annual coupons with the next coupon due in 6 months. Investment A is expected to produce cash flows forever. The next cash flow is expected to be X in 1 year, and subsequent annual cash flows are expected to increase by 1.19 percent each year forever. The expected return for investment A is 14.37 percent. What is X, the annual cash flow that will be paid in 1 year from now by investment A?