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You just won a lottery that makes payment at the end of the year annually forever. The first payment will be $ 1 , 8

You just won a lottery that makes payment at the end of the year annually forever. The first payment will be $1,852 and will be paid one year from today. Every year thereafter, the payments will increase by 1.8 percent annually. What is the present value of your prize at a discount rate of 4.7 percent?
(Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
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