Suppose you receive a job offer with a base salary of $75,000. You will receive your first annual salary payment one year from the day you begin the job. In addition, you will get an immediate $15,000 bonus for joining the company. Your salary will grow at 3.5% each year. Each year you will receive a bonus equal to 10% of your salary. You are expected to work for 25 years. What is the present value of the your job offer if the discount rate is 9%?