Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 8 end of your payments starting one year from now. The first two payments would be $27.000 and 522.000 in one and two years respectively, and then $17.000 per year after that for yearsIf Wally requires a retum of 107%, what is the present value of this stream of cash flow? What is the present value of this stream of cash flows? (Round to the nearest cent)