A best-selling author decides to cash in upon her latest novel by selling the rights to book%u2019s royalties for the next six years to an investor. Royalty payments arrive once per year, starting one year from now. In the first year, the author expects $400,000 in royalties, followed by $300,000, then $100,000, then $10,000 in the three subsequent years. If the investor purchasing the rights to royalties requires a return of 7% per year, what should the investor pay?