Suppose you are going to receive $24,000 per year for 11 years at the end of each year; thus you receive the first payment one year from today. Compute the present value of the cash flows if the appropriate interest rate is 11 percent. Round it two decimal places, and do not include the $ sign, e.g., 123456.78.

Suppose you are going to receive $24,000 per year for 11 years at the end of each year; thus you receive the first payment one year from today. Compute the present value of the cash flows if the appropriate interest rate is 11 percent. Round it two decimal places, and do not include the $ sign, e.g., 123456.78