Oakridge Leasing Corporation signs an agreement on January $1,2023,$ to lease equipment to Wildhorse Limited. Oakridge and Wildhorse follow ASPE. The following information relates to the agreement:

The term of the non$-$cancellable lease is five years, with no renewal option. The equipment has an estimated economic life of sixyears.

$2.$ The asset's fair value at January $1,2023,$ is $$83,000.$

$3.$ The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual value of $$6,100,$ which is not guaranteed.

$4.$ Wildhorse assumes direct responsibility for all executory costs, which include the following annual amounts: $$930$ to Rocky Mountain Insurance Ltd$.$ for insurance and $$1,650$ to James Township for property taxes.

$5.$ The agreement requires equal annual rental payments of $$20,398$ to Oakridge, the lessor, beginning on January $1,2023.$

$6.$ The lessee's incremental borrowing rate is $15\%.$ The lessor's implicit rate is $14\%$ and is known to the lessee.

$7.$ Wildhorse uses the straight$-$line depreciation method for all equipment.

$8.$ Wildhorse uses reversing entries when appropriate.

Calculate the PV of the future minimum lease payments. $($round factor value of $5$ decimal places and final answer to $0$ decimal places$)$