please solve asap

On January 1,2020, Jefferson Company completed arrangements to purchase a new piece of equipment. The agreement calls for equal annual payments on January 1 of each year for six years. The first payment of $7,500 is to be made on January 1,2020 . The interest rate is 12%. (Click here to access the PV and FV tables to use with this problem.) Required: Calculate the cost of the equipment to Jefferson Company. Round your answer to two decimal places