Adam Baum Company borrowed $53,000 from B. A. Ware on January 1,2024 , and signed a three-year, 5% installment note to be paid in three equal payments at the end of each year. The present value of an ordinary annuity of $1 for 3 periods at 5% is 2.72325 . Required: Calculate the amount of one installment payment. Note: Round your final answer to the nearest whole dollar