Saul Cervantes 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: $13,542, $14,000, $11,480, $10,968, and $9,150. If the appropriate discount rate is 11.091 percent, what is the cost in todays dollars of the equipment Saul purchased today?(Round answer to 2 decimal places, e.g. 15.25.)

present value?