A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,800 per month for the next three years and then $1,800 per month for two years after that. If the bank is charging customers 9.25 percent APR, how much would it be willing to lend the business owner? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value