On August $1,2014,$ Bonnie purchased $$12,500$ of Huber Company's $14\%,16-$year bonds at face value. Huber Company has paid the semiannual interest due on the bonds regularly. On August $1,2022,$ market rates of interest had fallen to $12\%,$ and Bonnie is considering selling the bonds. Use the present value tables $($Table $6-4$ and Table $6-5)$

Required:

Calculate the market value of Bonnie$$s bonds on August $1,2022.$

Note: Round your PV factors to $4$ decimal places. Round your answer to $2$ decimal places.