Suppose that you will receive annual payments of $25,650 for a period of 19 years. The first payment will be made 9 years from now. If the interest rate is 10.50%, what is the value of the annuity in year 8, what is the current value of this stream of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Value of the Security in Year 8

$

Value of the Security today

$