Two growing perpetuities, each with annual payments, have the same yield rate (internal rate of return). The first perpetuity has an initial payment of $50 one year from now, and each subsequent annual payment increases by $5. The present value of this first perpetuity is $2,000. The second perpetuity (a perpetuity-due) has an initial payment of $100 now, and each subsequent annual payment increases by 3%. 

Find the present value, now, of the second perpetuity.

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