Tip Top is waiting for his stock options to vest. Once they vest in 7 years, he will receive shares that will pay $1,700 in dividends every year for 10 years. (The first dividend will be paid 8 years from today.) If Tip Top has a discount rate of 6.5%, what are his stock options worth to him today? Answer as a dollar amount rounded to 2 decimal places (e.g., 12.34)