Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 17 end-of-year payments starting one year from now. The first two payments would be $25,000 and $22,000 in one and two years respectively, and then $19,000 per year after that for 15 years. If Wally requires a retum of 9.4%, what is the present value of this stream of cash flows? What is the present value of this stream of cash flows? s(Round to the nearest cent.) Enter your answer in the answer box