Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to

the public. The bonds had a 11.54 percent coupon rate and paid

interest annually. It is now 13 years later. The current market rate of

interest on the Bright Sun bonds is 8.01 percent. What is the current

market price (intrinsic value) of the bonds?

Round the answer to two decimal places.