Two growing perpetuities, each with annual payments, have the same yield rate (internal rate of return). The first perpetuity has an initial payment of $50 one year from now, and each subsequent annual payment increases by $5. The present value of this first perpetuity is $2,000. The second perpetuity (a perpetuity-due) has an initial payment of $100 now, and each subsequent annual payment increases by 3%. Find the present value, now, of the second perpetuity.

(Answer is $3125.96)