You are valuing an investment that will pay you $26,000 per year for the first 9 years, $34,000 per year for the next 11years, and$47,000 per year the following 14 years (all payments are at the end of each year). Another similar risk investment alternative is an account with a quoted annual interest rate of 9.00% with monthly compounding of interest.

Question: What is the value in today's dollars of the set of cash flows you have been offered?