What is the present value of a cash flow stream of $1,000 per year annually for 18 years that then grows at 5.0 percent per year forever when the discount rate is 11 percent? Note: Round intermediate calculations and final answer to 2 decimal places.

What is the present value of a cash flow stream of $1,000 per year annually for 18 years that then grows at 5.0 percent per year forever when the discount rate is 11 percent? Note: Round intermediate calculations and final answer to 2 decimal places