Ajax Corporation has hired Brad O Brien as its new president. Terms included the company's agreeing to pay retremient benefits of $18,800 at the end of each semiantinul period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Brad? (Use fable and Tathit 123) Note: Use 365 days a yeor. Do not round intermediate calculations. Round your answer to the nearest cent