Crane Inc. is considering leasing a car from Jackie Inc. for a period of four years. The fair value of the car today is $32,900. The current market interest rate for financing such a vehicle is 8% compounded semi-annually. Below is a time diagram of this situation. Calculate the semi-annual lease payment assuming that the payment is made at the end of the period. (Round answer to 2 decimal places, e.g. 5,275.25.)