True fact: Ancient Roman contractors who built roads were paid half when the road was completed, and half 40 years after the road had been completed if the road was still in good working order. Assume the annual yield is 1.75%. A contractor receives a contract to build a small road and will be paid a total 12,000 denarii. It will take 3 years to complete the road, so the contractor will be paid 6,000 denarii in 3 years and another 6,000 denarii in 43 years. What (to the Ancient Roman contractor) is the present value of this contract? Round your answer to the nearest denarii