Ivanhoe, Inc., is expecting cash inflows of $$14,300,$ $$11,000,$$$12,200,$ and $$9,750$ over the next four years.

What is the present value of these cash flows if the appropriate discount rate is $9$ percent? $($Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ Do not round factor values.$)$

Present value of cash flows $