Carla Vista Company is considering investing in an annuity contract that will return $29,000 annually at the end of each year for 20 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Carla Vista Company pay for this investment if it earns an 7% return? (Round answer to 2 decimal places, e.g. 25.25.)

Carla Vista Company should pay