Grouper Enterprises leases property to Hamilton, Inc. Because Hamilton is experiencing financial difficulty, Grouper agrees to receive 7 rents of $22,000 at the end of each year, with the rents deferred 3 years. What is the present value of the 7 rents discounted at 12% ? (Round foctor values to 5 decimal places, eg. 1.25124. Round answer to the nearest whole dollar, eg. 5.275.) Click here to view factor tables. Present value