Janice Lucas is the president of Miller Custom Coffee Roasters. She drives a 2017 Mercedes E300 with a fair market value of $58,500. The lease value is $15,250. Janice reported that she drove 30,600 miles during 2018, of which 10,100 were for personal reasons. The company pays all her fuel and charges her 7 cents per personal mile for fuel costs.

Required: What is her 2018 valuation using the lease value rule? (Round your intermediate calculations to 3 decimal places and round your final answer to 2 decimal places.)