A company needs to set up a fund that will provide the following future income to an individual:

$2767$ paid at the end of each year for the first $12$ years followed by

$4691$ paid at the end of each year until the end of year $43($inclusive$).$

Assuming an effective rate of interest of $4\mathrm{.}8\%$ pa throughout the entire period, calculate, to $2$ decimal places, the amount of fund the company needs to hold now in order to assure the required payments,.