What is the present value of $1,725 per year, at a discount rate of 8 percent, if the first payment is received 7 years from now and the last payment is received 23 years from today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Value today

What is the present value of $1,725 per year, at a discount rate of 8 percent, if the first payment is recelved 7 years from now and the ast payment is recelved 23 years from today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16