You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into its systems and is offering to pay you $514,000today, plus $514,000at the end of each of the following six years, for permission. If the appropriate interest rate is7percent, what is the present value of the cash flow stream that the company is offering you?(Round factor values to 4 decimal places, e.g. 1.5215 and final answer to 2 decimal places, e.g. 15.25.)