You own an oil pipeline that will generate a $2.6 million cash return over the coming year. The pipeline's operating costs are negligible, and it is expected to last for a very long time. Even better, the volume of oil shipped may slightly increase -- so cash flows are expected to increase by 1.9% per year. The discount rate is 9%. What is the PV of the pipeline's cash flows if its cash flows are assumed to last forever?