Matthew Young 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: $10,280, $7,520. $9.650, $12,070, and $11,940. If the appropriate discount rate is 5.950 percent, what is the cost in today's dollars of the equipment Matthew purchased today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value $