What is the present value of a receiving a stream of payments, with the first payment of 625 starting today, and the payments will grow at 4% per annum forever thereafter? The appropriate discount rate is 6.5% is per annum. Enter your answer as a number only. Do not include any currency symbols. Your answer must be correct to two place of decimal and must include 2 places of decimal, e.g. if your answer was 1,000. You must answer 1000.00 or 1.000.00 for your answer to be marked correct. Answer: