You are offered an investment with the following conditions:

The cost of the investment is 1,000.

The investment pays out a sum X at the end of the first year; this payout grows at the rate of 10% per year for 11 years.

If your discount rate is 15%, calculate the smallest X which would entice you to purchase the asset.

Use the "solver" to find the answer, and make sure to show all your work, including a screen shot of the solver.