Quaker State Incorporated offers a new employee a single$-$sum signing bonus at the date of employment. Alternatively, the employee can receive $$8,800$ at the date of employment plus $$28,000$ at the end of each of his first three years of service. Assuming the employee's time value of money is $12\%$ annually, what lump sum at employment date would make him indifferent between the two options?

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$