Sheffield Enterprises leases property to Hamilton, Inc. Because Hamilton is experiencing financial difficulty, Sheffield agrees to receive 6 rents of $23,200 at the end of each year, with the rents deferred 3 years. What is the present value of the 6 rents discounted at 12% ? (Round factor values to 5 decimal places, eg. 1.25124. Round answer to the nearest whole dollar, e. 5.275. ) Click here to view factor tables. Present value