President Company purchased merchandise from Captain Corporation on September 30,2024 . Payment was made in the form of a noninterest-bearing note requiring President to make six annual payments of $6,400 on each September 30 , beginning on September 30,2027. Required: Calculate the amount at which President should record the note payable and corresponding purchase on September 30 , 2024 , assuming that an interest rate of 11% properly reflects the time value of money in this situation. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. Round your intermediate calculations to the nearest whole dollar. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1 and PVAD of $1 )