When Ladi died, ex-husband Turk vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers that the former Actor thought appropriate for the actress cost about $7. Based on actuarial tables, Turk could expect to live for 30 years after the actress died. Assume that the EAR is 6.8 percent. Also, assume that the price of the flowers will increase at 3.5 percent per year, when expressed as an EAR. Assume that each year has exactly 52 weeks, and Turk began purchasing flowers the week after Ladi died. What is the present value of this commitment? (Do not round intermediate calculations and round your answer to 2 decimal places)