Kidder Corporations balance sheet shows an historical book value for long term debt ( bonds, at par) of $23,500,000. The bonds have a 6.4% coupon rate, payable semiannually and a par value of 1.000. They mature exactly 10 years from today. The yield to maturity is 9.55%, so the bonds now sell below par. What is the current market value of the firms debt? Please round your answer 2 decimal places.