You have been a big lottery player for your entire life. You have finally hit it big and won the lottery. You will receive payments forever (even after your death.) The prize will pay you $50,000 immediately. It will then make payments every other year (so the next payment comes at the end of year 2) and each payments will be 5% larger than the last with no end. If the market return on this type of investment is 10% annual rate, what is the value of this prize today?