Western regional bank is selling a perpetuity that pays equal payments of $X every semiannual period with the first payment in one semiannual period from today. They will accept payment for the perpetuity in 3 incremental payments: 1,994 in 3 years, 5,202 in 9 years and 4,511 in 14 years. How much will the perpetuity pay each semiannual period (what is X )? Assume the interest rate is 9.5% compounded semiannually