Clarise wants to save for her son Marche's graduate school. He will begin school in 7 years. She believes he will be in school for 2 years. He wants to go to MIT which will cost $57,845 per year. She estimates her investment returns to be 7% per year. She is estimating inflation to be 5% per year. How much does she need to put aside today to fund his graduate school? (use 2 decimal places for your answer)