Last year, Cape Fear Energy raised (borrowed) $100 million by issuing an innovative new bond that is being referred to as a "Triennial" bond. The Triennial bonds, which have a par value of $1000, make an interest payment of $120 once every three years in perpetuity, so the principal amount of the bond is never (not ever) returned to the bondholders. Assuming there are two years until the next triennial coupon payment of $120 and that the required yearly rate of return on the Triennial bonds is 5.2 percent, determine the current value of one (and only one) of the Triennial bonds issued by Cape Fear Energy.