Current Attempt in Progress Michael Jones 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: $10,460, S7,960, 59,870, 512 120, and $11.750. If the appropriate discount rate is 6.240 percent, what is the cost in today's dollars of the equipment Michael purchased today? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values) Present value $