Joseph Moore has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,220, $7,550, $9,110, $12,590, and $11,660. If the appropriate discount rate is 6.695 percent, what is the cost in today's dollars of the equipment Joseph purchased today? (Round answer to 2 decimal places, es. 15.25. Do not round factor values.) Present value