A 10-year loan is to be repaid by quarter-end repayments of 8,000 starting in 3 months at an interest rate of 2.6% p.a. compounded quarterly. Or, it can be repaid by year-end repayments of $X staring in one year. Calculate the yearly repayments $X. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67).