Roger Enterprises is evaluating an investment opportunity that will require contributions of $31,100 in Year 1 and $11,100 in Year 2. Returns of $31,000, $65,500, and $45,500 are expected in the three following years.

1. What price should Roger offer for the investment opportunity if it requires a 10.1% return on investment? (Do not round intermediate calculations, round final answer to the nearest whole dollar.