You have been offered a job with an unusual bonus structure. As long as you stay with the​ firm, you will get an extra $75,000 every seven​ years, starting seven years from now. What is the present value of this incentive if you plan to work for the company for 42 years and the interest rate is 5.6% ​(EAR)? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)