$($Present value of a growing perpetuity$)$ As a result of winning the Gates Energy Innovation Award, you are awarded a growing perpetuity. The first payment will occur in a year and will be for $$25,000.$ You will continue receiving monetary awards annually with each award increasing by $6$ percent over the previous award, and these monetary awards will continue forever. If the appropriate interest rate is $11$ percent, what is the present value of this award?

The present value of the award is $ $($Round to the nearest cent.$)$