A car dealer wants to offer you a 60-month lease on a $ 48,700 car. You can afford an $ 800 monthly payment and the dealer wants to earn an 8.0% APR. There is no down payment on the lease and monthly payments are due at the end of each month.

What is the lowest estimated residual value for the car for the dealer to earn their required annual percentage rate (APR)?

Round your final answers to the nearest dollar.