Hendrick Audio will receive semiannual payments of $8,800 at the beginning of each semiannual period for 5 years. If an 12% annual discount rate is assumed, how much would this payment plan be worth in today's dollars (assume semiannual compounding is used)? In the answer field, please put your answer in bold font and show your work to receive credit (including the factor/table (e.g., Table 6.5 or PVAD), interest rate, and number of periods used). Use all of the digits in the table and round dollar amounts to the nearest dollar.