Undying Life Insurance Company offers an investment policy that will pay you and your heirs $$50,000$ per year forever. Assume the required return on this investment is $8\mathrm{.}1$ percent. How much will you pay for the policy? $($Do not include the dollar sign $($$$).$ Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$