Pearl Corporation purchased a special tractor on December 31, 2025. The purchase agreement stipulated that Pearl should pay $19,550 at the time of purchase and $4,980 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2025, at what amount, assuming an appropriate interest rate of 12\%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)