You are considering an investment contract that will pay $12,000 annually for the next 25 years. A similarly risky investment pays 5.25% per year, compounded quarterly. However, you have just learned that the contract you are considering will skip the payment in year 10. No other payments are impacted. What is the maximum price that you are willing to pay for this contract? (Dont round interim calculations; round your answer to the nearest $100.)