Lisa Anderson wants to open a restaurant in a hibtoric bullding. The property can be leased for 20 years but not purchased. 5 he beliveves her restaurant can generate a net cashffow of $63,000 the first year and expects an annual growth rate of 4 percent thereafter, If a discount rate of 17 percent is used to evaluate this business, what is the present value of the cash flows that it will generate? (Round factor volues to 5 decimal ploces, es. 1.52145 and final answer to 2 decimal places, e3. 52.75 )