You currently have $620k in savings. You plan on living off of a growing perpetuity which grows at 3% per year (and passing it on to your kids). You plan on retiring exactly 12 years from today, at which point you collect your first cash payment. You will not contribute any more money to the savings account before retirement, but your current $620k in savings will grow at the discount rate until you retire. How much will the first payment of the growing perpetuity be if the appropriate discount rate is 6%?