An insurance company estimates it will have to pay around $18 million in insurance claims for this year’s hurricane season, which begins 6 months from now (though unrealistic, imagine that it will make a single $18 million payment at the beginning of hurricane season). To save for this payout, the company will invest its short-term savings in a bank deposit program that advertises an interest rate of 9.96% APR (annual percentage rate) with monthly compounding. Assuming it uses this savings vehicle, how much money will the company need to set aside today in order to cover its expected insurance payouts during hurricane season? Answer choices are rounded to the nearest dollar value.