You are the recipient of a growing endowment that will last forever. The first payment you'll receive will start one year from today (year 1) and will be of $800. Each year after that, you will receive a payment on the anniversary of the last payment that is 2% larger than the previous payment. This pattern of payments will go on forever. What is the value of this perpetuity 3 from now (year 3) given that the interest rate is 4% APR?