Use the following table to answer the question.

Periods5%6%7%10%

10.952380.943400.934580.90909

20.907030.890000.873440.82645

30.863840.839620.816300.75132

40.822700.792090.762900.68301

50.783530.747260.712990.62092

60.746220.704960.666340.56447

70.710680.665060.622750.51316

80.676840.627410.582010.46651

90.644610.591900.543930.42410

100.613910.558400.508350.38554

What is the present value of $26,000 to be received in four years, if the market rate is 10% compounded annually? Round your answer to two decimal places. $