George has received a merit scholarship to assist him in funding his four-year degree at his local university. The scholarship will pay George $15,000 today - September 1 - and George will receive 4 additional annual payments of $3,000 with the first $3,000 to be received next September 1, provided George maintains certain enrollment requirements. Assume a discount rate of 6%, that George meets the enrollment requirements, and collects all of the payments for which he is eligible. What is the present value of the scholarship to George? (Round your answer to the nearest dollar.) (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1).