Del Monty will receive the following payments at the end of the next three years: $10,000, $13,000, and $15,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $16,000 per year. At a discount rate of 16 percent, what is the present value of all three future benefits? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)