Alexis Tyler is a star player for the Salt Lake City Lake Monsters and is ranked among the best player in the league. Alexis is wrapping up the "contract year" the final playing season before a player becomes a free agent. The player has expressed an interest to remain with the Lake Monsters. The team has prepared a contract that would work with their strategic plans and other salary commitments. The offer is for five years of playing with the team. It doesn't include a signing bonus. It offers an annual salary of $2.9 for each of the five years. The contract also includes deferred compensation of $8 annually, for 5 years, starting in year 8. What is the present value of the contract offer assuming an interest rate of 5% ? Enter your answer to one decimal place