Suppose you are offered a perpetual stream of cash flows where you receive $337 at the end of every year. If the discount rate is 4.7 percent, what is the current value of the perpetual stream of cash flows? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)

Suppose you are offered a perpetual stream of cash flows where you receive $337 at the end of every year. If the discount rate is 4.7 percent, what is the current value of the perpetual stream of cash flows? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the b-ox below.)