Robert Williams has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,900, $7,790, $9,760, $12,190, and $11,070. If the appropriate discount rate is 7.265 percent, what is the cost in todays dollars of the equipment Robert purchased today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.)