What is the present value of the following stream of cash flows assuming an interest rate of 8.75%? (Hint: This question requires Excel.) Next year you will receive $100. The following year you will receive an amount that is 5.50% larger (than $100). The cash flows will continue to grow, year-by-year, at 5.50%. The last cash flow will be paid at year 20 (20 years from today--20 cash flows in total.) Round your answer to the nearest dollar.