What is the value today of an investment that pays $1,400 every two years forever starting one year from today and $2,800 every two years forever starting two years from today if the APR is 6.50% compounded quarterly? That is, a $1,400 payment occurs 1 year from today, a $2,800 payment 2 years from today, a $1,400 payment 3 years from today, and so on.