What is the present value (PV) today of a stable perpetuity that pays $11,000 every 4 years, starting 2 years from today? The appropriate annual discount rate is 11% p.a. Round your answer to the nearest dollar. Do not include the $ symbol nor the separating comma, if any. Thus, for example, if the PV is $24,323.55 write 24324 in the answer box. IMPORTANT: Use at least 4 decimals in all your intermediate calculations. In the case of a discount rate, the 4-decimal requirement applies to the percentage version; that is, the decimal version would have 6 decimals. For example, 1.2345% would become 0.012345. Write your answer rounded to the dollar; e.g., 6543 (Acceptable error = $250)