Five years ago, Jane invested $5,797 and locked in a(n) 7.5% annual interest rate for 25 years (end 20 years from now). James can make a 20-year investment today and lock in a(n) 11.3% interest rate. How much money should he invest now in order to have the same amount of money in 20 years as Jane? (Round your final answer to two decimal places.)