Charles Wilson has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,390, $7.960,$9,250, $12,940, and $11,640. If the appropriate discount rate is 6.425 percent, what is the cost in today's dollars of the equipment Charles purchased today? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values.) $ Present value