The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $$37,000$ per year forever. If the required return on this investment is $6\mathrm{.}3$ percent, how much will you pay for the policy? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Present value