Edward Lewis borrowed some money from his friend and promised to repay him $1,200, $1,320, $1,500, $1,610, and $1,610 over the next five years. If the friend normally discounts investment cash flows at 10.0 percent annually, how much did Edward borrow? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value $