An investor is considering the following opportunity: He will put capital into a start-up company today. He will not receive any cash flows from the investment until end of the 5th year. At that point, he will receive 12.00 years of $19,200.00 per year. If his discount rate on this investment is 14.00%, what is the value of this opportunity today?

Answer Format: Currency: Round to: 2 decimal places.