Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $14.500 each year for the next four years to reimburse normal school-related expenditures. Each $14.500 payment will be made at the end of the year contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 80% determine the value today of receiving this scholarship if Tatsuo maintains good grades (EV OLS.PV of $1. EVA $1. and PVA 0f 511 (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) 41 Present value of annuity