A wealthy relative has offered to finance their neice's veterinary education and practice set up through 20 end-of-year payments starting one year from now. The first two payments would be $27,000 and $24,000 in one and two years respectively, and then S17,000 per year after that for 18 years. If the investment requires a return of 9.4%, what is the present value of this stream of cash flows? What is the present value of this stream of cash flows? s(Round to the nearest cent.)