You are evaluating a growing perpetuity product from a large financial services firm. The product promises an initial payment of $$24,000$ at the end of this year and subsequent payments that will thereafter grow at a rate of $0\mathrm{.}03$ annually. If you use a discount rate of $0\mathrm{.}10$ for investment products, what is the present value of this growing perpetuity? Round to two decimal places.