How much do you have to deposit today so that beginning 8 years from now you can withdraw $15,000.00 a year for the next 4 years (periods 8 through 11) plus an additional amount of $30,000.00 in that last year (period 11)? Assume an interest rate of 16 percent. What is the value of the $15,000.00 withdrawals years 8 through 11 at the end of year 7 if the annual interest rate is 16 percent? $ (Round to the nearest cent.)