Suppose a condo generates $$15,000$ in cash flows in the first year. If the cash flows grow at $5\%$ per year, the interest rate is $9\%,$ and the building will be torn down in $20$ years $($the building is worthless after $20$ years$),$ what is the most you would pay for the condo today?

Enter your response below $($rounded to $2$ decimal places$)$

Section Attempt $1$ of $1$