The Sutherland Life Insurance Co$.$ is trying to sell you an inve ${?}^2$ ment policy that will pay you and your heirs $$46,000$ per year forever. If the required return on this investment is $7\mathrm{.}4\%,$ how much will you pay for the policy? $($Round the final answer to $2$ decimal places.

Omit $ sign in your response.$)$

Present value

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