What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and the payment growing in each subsequent year by 6%? Assume a discount rate of 9%. Equivalently: What amount would you have to invest today at an interest rate of 9% to generate an annual payment forever, starting with $1,000 and the payment growing in each subsequent year by 6%? Please round your answer to the nearest hundredth.